In Leading the Push for Proficient Strategy Execution and Operating

question 66

Multiple Choice

In leading the push for proficient strategy execution and operating excellence, top-level managers need to take the lead on all of the following EXCEPT

• A)spending time with, listening to, and encouraging people in the organization to act on their own initiative.
• B)delegating authority to middle and lower-level managers and creating a sense of empowerment among employees to move the implementation process forward.
• C)gathering information firsthand and gauging the progress being made.
• D)initiating corrective actions to improve or remove impediments to strategy execution.
• E)holding periodic ceremonies to honor people who excel in displaying the company values and ethical principles.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return, crucial in assessing investment opportunities.

Interest

Interest represents the cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower to the lender for the use of the lender's money.

Economic Profits

Economic profits are the total revenues of a firm minus the opportunity costs of all inputs, reflecting the additional gain over the normal profit.

Insurable Risks

Risks that meet certain criteria making them insurable, such as being definite, accidental, and potentially financially devastating to the insured.