Leading the Drive for Good Strategy Execution and Operating Excellence

question 105

Multiple Choice

Leading the drive for good strategy execution and operating excellence calls upon senior executives to

• A)be very personable, effective communicators, and skilled in the empowerment of company personnel.
• B)personally lead the implementation process and drive the pace of progress.
• C)delegate little to subordinates and, instead, personally exert a strong, highly visible influence on the company's approaches to strategy execution.
• D)be creative in establishing policies and procedures that will instill high standards of operating excellence.
• E)be charismatic, decisive decision-makers, and make inspiring speeches at company events.

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Definitions:

Inventory Turnover

A financial ratio that measures how many times a company has sold and replaced its inventory over a certain period of time.

Decimal Place

Refers to the position or number of digits to the right of the decimal point in a decimal number, indicating a part of a whole in fractional terms.

Working Capital

The difference between a company’s current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Current Year

The ongoing year or the present calendar year in which transactions or activities are being accounted for.