Putting Together a Capable Top Management Team with the Right

question 20

Multiple Choice

Putting together a capable top management team with the right mix of experiences, skills, and abilities

• A)should take top priority in building competitively valuable core competencies.
• B)is particularly important when the firm is pursuing unrelated diversification or making a number of new acquisitions in related businesses.
• C)is important in building an organization capable of proficient strategy execution, but is nearly always less crucial than doing a superior job of training and retraining employees.
• D)entails filling key managerial slots with smart people who are clear thinkers, good at figuring out what needs to be done, and who are skilled in "making it happen" and delivering good results.
• E)is particularly essential for executing a strategy to keep a company's costs lower than rivals and become the industry's low-cost leader.

Recognize the importance of socialization in transmitting cultural values and norms within an organization.

Acknowledge ethical considerations within organizational culture and the promotion of ethical behavior.

Identify the processes and components involved in the creation and modification of organizational culture.

Distinguish different components of organizational culture such as dominant values, philosophy, and socialization processes.

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Definitions:

Heart Attack

A medical condition that occurs when the blood flow to the heart is blocked, often by a blood clot.

Social Support

The assistance and comfort received from friends, family, and others, which is critical for maintaining psychological and physical health.

Heart Disease

A broad term for various conditions affecting the heart and blood vessels, often related to atherosclerosis or plaque buildup in arterial walls.

Hostility

Feelings of anger, aggression, and resentment that may result in confrontational behavior.