When Management Is Leading the Drive for Good Strategy Execution

question 46

Multiple Choice

When management is leading the drive for good strategy execution and operating excellence, it calls for all of the following actions on their part EXCEPT

• A)staying on top of what is happening.
• B)monitoring progress closely.
• C)putting constructive pressure on the organization to execute the strategy with excellence.
• D)establishing a must-be-invented-here mindset.
• E)empowering rank-and-file employees to act on their own initiative.

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Definitions:

Bank Certificates

Short for "bank certificates of deposit (CDs)," which are time-deposit financial products offered by banks with fixed interest rates and maturity dates.

Money Market Funds

Investment funds that invest in short-term debt securities, offering high liquidity with a relatively low level of risk.

Restricted Cash

Cash that is not available for immediate use because it is reserved for a specific purpose.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.