Installing Well-Conceived,state-Of-The-Art Support Systems Is an Important Managerial Component of Implementing

question 25

Multiple Choice

Installing well-conceived,state-of-the-art support systems is an important managerial component of implementing and executing strategy because:

• A) such systems are essential to being able to engage in effective benchmarking and continuous improvement.
• B) such support systems not only enable better strategy execution but also strengthen organizational capabilities (perhaps enough to provide a competitive edge over rivals).
• C) they help managers run a tight ship and preserve strong,centralized control over internal activities.
• D) they are the basis for revamping value chains,boosting labor productivity,and reducing operating costs.
• E) decentralized decision making and employee empowerment cannot work well without having well-conceived information and operating systems to accurately benchmark internally performed value chain activities against best-in-industry and best-in-class performers.

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Definitions:

Required

Something that is obligatory or necessary based on laws, regulations, or social norms.

Professionalization

The process of developing or elevating an occupation to a higher status by establishing professional standards, education requirements, and a code of ethics.

Social Exclusion

The process through which individuals or groups are systematically blocked from rights, opportunities, and resources that are normally available to members of society.

Occupation Demand

refers to the need or requirement for specific types of jobs in the market, influenced by economic, technological, and social factors.