A Change in Strategy Nearly Always Entails Budget Reallocations Because

question 43

Multiple Choice

A change in strategy nearly always entails budget reallocations because

• A)revamping the performance of value chain activities can be costly.
• B)the accompanying policy revisions and compensation incentives tend to require different levels of funding than before.
• C)organizational units important in the prior strategy but having a lesser role in the new strategy may need downsizing, while units and activities that now have a bigger and more critical strategic role may need more people, new equipment, additional facilities, and above-average increases in their operating budgets.
• D)empowering employees to carry out the new strategy elements typically requires substantial new funding and budget revisions.
• E)adopting best practices and pushing for continuous improvement tends to reduce costs and reduce overall resource requirements.

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Definitions:

Genetic Expression

The process by which information from a gene is used to create a functional product, such as protein.

Mind-Body Problem

A philosophical question concerning the relationship between thought and consciousness in the brain and their correlation with the physical body.

Nonmaterial Mind

A philosophical concept suggesting that the mind or consciousness is not purely physical or biological in nature, often discussed in the context of dualism.

Materialism

Philosophical position that behavior can be explained as a function of the nervous system without recourse to the mind.