Recruiting and Retaining Capable Employees Is

question 65

Multiple Choice

Recruiting and retaining capable employees is

• A)usually much more important to good strategy execution than is assembling a capable top-management team.
• B)important because the quality of an organization's people is always an essential ingredient of successful strategy execution.
• C)more important during periods of rapid growth than during periods of crisis and attempted turnarounds.
• D)an important organization-building element, particularly when it comes to transforming a competence into a core competence or distinctive competence.
• E)easily the most critical aspect in building competitively valuable core competencies and capabilities.

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Definitions:

Direct Labor-Hour

A measure of the work time spent by employees who are directly involved in the production process.

Manufacturing Overhead

The indirect factory-related costs that are incurred when a product is manufactured.

Forming Department

A section within a manufacturing process where raw materials are shaped or formed into parts before being assembled into final products.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and factory supervisor salaries, not directly tied to the production of goods.