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:

Airline

A company that provides air transport services for traveling passengers and freight.

Consumer Group

A collection of individuals or households that share similar purchasing behaviors or characteristics.

Z-scores

Standardized scores that indicate how many standard deviations an element is from the mean, used in statistics for comparisons between different data sets.

P-values

The probability under a specified statistical model that a statistical summary of the data would be equal to or more extreme than its observed value.