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.

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Definitions:

Corporate Citizenship

The commitment of a company to behave ethically and contribute to economic development while improving the quality of life of employees, communities, and society at large.

Corporation by Estoppel

A legal doctrine preventing one from denying the corporate status of an entity to escape liability after having treated it as a corporation.

Novation Clause

A legal provision that allows an original contract to be replaced with a new contract, wherein a new party takes on the obligations of one of the original parties.

Office Support Staff

Employees who perform a variety of administrative and clerical tasks to support the operations of an office.