The Task of Top Executives When the Company Faces Disruptive

question 16

Multiple Choice

The task of top executives when the company faces disruptive changes in its environment is to not only raise questions about the appropriateness of its direction and strategy, but also to

• A) know when to continue with the present corporate culture and when to shift to a different and better corporate culture.
• B) ferret out the causes and decide when adjustments are needed and what adjustments are needed for improved performance and operating excellence.
• C) figure out whether to arrive at decisions quickly or slowly in choosing among the various alternative adjustments.
• D) decide whether to try to fix the problems of poor strategy execution or simply shift to a strategy that is easier to execute correctly.
• E) decide how to identify the problems that need fixing.

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Definitions:

Compensation Level

The scale or amount of wages, salaries, and benefits that employees receive, which can vary based on position, experience, competence, and market factors.

Compensation Budget

The allocated amount of money that an organization plans to spend on employee salaries, wages, and other benefits over a specific period.

Forecast

The process of making predictions about future events, often based on analysis of data and trends.

Compensation System

The method and structure used by organizations to reward their employees, including wages, benefits, bonuses, and incentives.