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:

Negative Emotional Responses

Reactions characterized by feelings such as sadness, anger, fear, or disgust, typically as a result of stimuli perceived as negative or threatening.

Base Rates

The prevalence of a characteristic or behavior in a general population, used as a reference point in statistical analysis.

Decision-making

The cognitive process of choosing between two or more alternatives, resulting in a final choice or action.

Risk Factor

A risk factor is any attribute, characteristic, or exposure that increases the likelihood of developing a disease or injury.