The Most Telling Signs of a Well-Managed Company Are

question 18

Multiple Choice

The most telling signs of a well-managed company are:

• A) the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision.
• B) aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant.
• C) good strategy-making combined with good strategy execution.
• D) a visionary mission statement and a willingness to pursue offensive strategies rather than defensive strategies.
• E) a profitable business model and a balanced scorecard approach to measuring the company's performance.

Identify drivers and barriers to creativity in organizational decision making.

Distinguish between programmed and nonprogrammed decisions.

Evaluate the influence of risk, certainty, and uncertainty on managerial decisions.

Understand the various cognitive styles and their implications on problem-solving and decision making.

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Definitions:

Disaffirmance

The legal act of renouncing or rejecting a contract or agreement, particularly exercised by minors or those not fully competent to enter contracts.

Statutorily

Relating to or enacted by a statute, meaning it is defined or required by law.

Ratification

The act of formally approving an agreement or treaty, making it officially valid.

Implied

Refers to something suggested or understood without being explicitly stated or demonstrated.