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:

Survey Feedback

A method used in organizational development where feedback from a survey is used to guide changes and improvements.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Significance Change

Transformations that have a profound impact on the structure, functioning, or wellbeing of a system.

Employee Satisfaction

A measure of how content and fulfilled employees are with their jobs, environment, and organization's policies.