In Prescribing Policies and Procedures That Facilitate Independent Action on the Part

question 32

Multiple Choice

In prescribing policies and procedures that facilitate independent action on the part of empowered employees for good strategy execution companies need to do ALL of the following EXCEPT

• A) give organization members clear direction and place reasonable boundaries on their actions.
• B) empower employees to act within the company's set boundaries in pursuit of company goals.
• C) allow company personnel to act with some defined degree of freedom, especially when individual creativity and initiative are more essential to good strategy execution than standardization and strict conformity.
• D) institute policies that give employees substantial leeway to carry out activities the way they think best.
• E) produce policy manuals on strategy execution that prescribe exactly how daily operations are to be conducted.

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Definitions:

External Parties

Individuals or entities outside of a company that have an interest in its activities, such as suppliers, customers, or regulators.

Authority And Responsibility

A management principle stating that a person with authority (power to make decisions) should also be responsible for the outcomes of those decisions.

Performance Evaluation

The process of assessing the performance of employees, processes, or systems against set benchmarks or standards.

Financial Budgets

Detailed plans that outline an organization's financial goals and the strategies to achieve them, including projections of income, expenses, and cash flow.