Imagine That You Are About to Become the Manager of a Local

question 101

Multiple Choice

Imagine that you are about to become the manager of a local chain consisting of four upscale restaurants. To prepare for the position, you have been reviewing the 10 managerial tasks of successful strategy execution. What would NOT be among those tasks?

• A)managing the people, talents, and business processes of an operations-driven restaurant chain.
• B)directing organizational change and achieving continuous improvement in restaurant operations and business processes.
• C)creating and nurturing a strategy-supportive culture across all restaurant locations.
• D)developing and meeting, or exceeding performance targets consistently.
• E)focusing on how market conditions impact your restaurant chain's resources and capabilities.

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Definitions:

ITQs

Individual Transferable Quotas; a tool used in environmental management and fisheries, setting a total allowable catch to help prevent overfishing.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, notable for its bright red flesh and significant role in both commercial fishing and ecological health.

Market Price

The current price at which a good or service can be bought or sold in the market, determined by the forces of supply and demand.

Fishery

An area with a natural or artificial population of aquatic life that is used for fishing purposes.