Company Managers Can Significantly Advance the Cause of Superior Strategy

question 54

Multiple Choice

Company managers can significantly advance the cause of superior strategy execution by doing all of the following EXCEPT

• A) employing best practices methods and using process management tools to drive continuous improvement in how internal operations are conducted.
• B) adopting benchmarking of the company's operating activities and business processes against "best-in-industry" and "best in world" performers.
• C) adopting "best-in-company" operating activities and processes when a company's various organizational units are performing the same functions differently.
• D) instituting operating practices that generate economies of scale and scope with current value chain activities.
• E) develop performance yardsticks for judging effectiveness and efficiency for particular value chain activities and business processes deemed strategically critical.

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Definitions:

Personal Counseling

A professional service offering confidential support and advice to individuals dealing with personal issues or challenges.

Effective Meetings

Gatherings designed with a clear purpose, goals, and managed time to ensure productivity and success.

Writing Memos

The process of composing brief written communications, often used within organizations to convey information or directives.

Disciplining Employees

The process of enforcing rules and applying penalties for violations to maintain order and performance within a workplace.