Visible Actions to Reallocate Operating Funds and Move People into Different

question 91

Multiple Choice

Visible actions to reallocate operating funds and move people into different and new organizational units

• A)can be dysfunctional in trying to implement a new strategy because of the anxiety and insecurity that big changes in budgets cause among company personnel.
• B)signal a determined commitment to strategic change and can help catalyze and give credibility to the implementation process.
• C)run the risk of inadvertently creating barriers to building the needed competencies and capabilities.
• D)tend to impede the task of empowering employees and shifting to a new, more strategy-supportive culture.
• E)are rarely necessary in implementing a new strategy unless the new strategy entails a radically different set of value chain activities.

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Definitions:

Insurance Expense

The cost incurred by a business to purchase insurance, which provides financial protection against losses.

Unexpired Insurance

Portion of insurance premiums paid that has not yet been used as of a specific date, and is considered a current asset on the balance sheet.

Accounts Receivable

Financial obligations that customers or clients have to a company for products or services provided but not yet compensated for.

Fees Earned

Income received from providing services.