Management's Most Powerful Tool for Winning Employee Commitment to Good

question 37

Multiple Choice

Management's most powerful tool for winning employee commitment to good strategy execution and operating excellence is:

• A) the establishment of strategy-supportive policies and procedures.
• B) empowering employees and encouraging them to adopt best practices.
• C) setting stretch objectives.
• D) a structure of rewards and incentives tied tightly to the achievement of the organization's strategic priorities.
• E) aggressive use of TQM and Six Sigma quality control programs.

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Definitions:

Entrepreneurial Activities

Actions aimed at initiating, designing, launching, and running a new business or enterprise, often in the face of financial risk.

Business Plans

A detailed document outlining the objectives, strategies, financial projections, and target market for a new or existing business.

Idea Generation

The process of creating, developing, and communicating new concepts or solutions, often an initial step in the creative or innovation process.

Formal Business Plan

A detailed document that outlines the goals, strategies, financial forecasts, and market analysis of a business.