The Process of Making Corrective Adjustments in Strategy Execution

question 83

Multiple Choice

The process of making corrective adjustments in strategy execution

• A)is a typical cultural mechanism for aligning, constraining, and regulating the actions, decisions, and behaviors of company personnel.
• B)exemplifies a results-oriented work climate where people go the extra mile to meet or beat stretch objectives.
• C)features a ceremony honoring individuals who believe so strongly in their ideas that they take it on themselves to hurdle the bureaucracy, maneuver their projects through the system, and turn them into improved services, new products, or even new businesses.
• D)varies according to the situation.
• E)enables companies to indoctrinate new hires rapidly into widely shared and strongly held values, principles, and behavioral norms.

---

Definitions:

Oligopolistic Industry

An industry characterized by a small number of firms controlling the majority of the market share, leading to limited competition.

International Cartel

An agreement between companies, often from different countries, to control prices, limit production, or divide markets for goods or services internationally, thereby reducing competition.

Noncollusive Oligopoly

A market structure where a few companies dominate but do not illegally agree to control prices or market share.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for competition based on quality, price, and marketing.