Providing Top-Down Guidance Can Aid the Task of Implementing Strategy

question 67

Multiple Choice

Providing top-down guidance can aid the task of implementing strategy

• A)provided it promotes greater use of and commitment to best practices and total quality management.
• B)because really effective internal policies and procedures are not easily duplicated by other firms.
• C)because astutely conceived policies or procedures can result in competitive advantage.
• D)by helping align the actions and behavior of company personnel with the requirements for good strategy execution, placing limits on independent action, and helping overcome resistance to change.
• E)by making it easier to impose tight budget controls and avoid wasting scarce resources.

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Definitions:

Economic Responsibility

The obligation of an organization to contribute to economic development while improving the quality of life of its workforce and the community.

Goods And Services

The tangible products (goods) and intangible items (services) that satisfy human wants or needs and are offered in the market.

Profit Earning

The act of generating financial gain or income from business activities after deducting all expenses, taxes, and costs.

Audit Area

A specific area, department, or aspect of an organization that is subject to an audit to evaluate compliance, performance, or risk.