Hay and Williamson Argued That for a Strategy to Be

question 12

Multiple Choice

Hay and Williamson argued that for a strategy to be effectively understood and accepted:

• A)the strategy should provide direction in the form of a worthwhile,relevant goal
• B)it should help work teams see the leverage provided by the interaction of their own tasks and initiatives occurring elsewhere in the organisation
• C)it can be used by shop stewards as guidance for trade-offs in collective bargaining deals
• D)it facilitates communication by establishing a common language which everyone can use

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Definitions:

Group Benefit

An advantage or favorable outcome obtained by a team or group, often in the context of workplace incentives or shared services.

Cash Balance Plan

Retirement plan in which the employer sets up an individual account for each employee and contributes a percentage of the employee's salary; the account earns interest at a predefined rate.

Predetermined Rate

A fixed charge, wage, or value established in advance for transactions, services, or labor, often based on standard criteria or prior agreements.

U.S. Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, sold at a discount from their face value.