Enlisting Employees' Sustained and Energetic Commitment to Good Strategy Execution

question 2

Multiple Choice

Enlisting employees' sustained and energetic commitment to good strategy execution and achievement of the strategic priorities and financial objectives is best done by

• A)having top executives commit to making employees the company's most valuable competitive asset.
• B)developing core competencies in the use of TQM, Six Sigma programs, and business process reengineering.
• C)resourceful and effective use of motivational incentives, both monetary and nonmonetary.
• D)clever and innovative use of benchmarking and best practices.
• E)providing employees with a high degree of job security and attractive perks.

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Definitions:

Expected Utility Function

An expected utility function quantifies an individual's preferences under uncertainty, ranking them according to the expected level of satisfaction or utility.

Sure Payment

A guaranteed or fixed payment that is certain to be paid, without any risk or fluctuation.

Probability

A quantification of how probable an event is, with the scale going from 0 to 1.

Lottery

A lottery is a form of gambling which involves drawing lots for a prize, or the allocation of a resource or a chance event resulting in a significant gain to the holder.