Installing Well-Conceived,state-Of-The-Art Support Systems Is an Important Managerial Component of Implementing

question 25

Multiple Choice

Installing well-conceived,state-of-the-art support systems is an important managerial component of implementing and executing strategy because:

• A) such systems are essential to being able to engage in effective benchmarking and continuous improvement.
• B) such support systems not only enable better strategy execution but also strengthen organizational capabilities (perhaps enough to provide a competitive edge over rivals).
• C) they help managers run a tight ship and preserve strong,centralized control over internal activities.
• D) they are the basis for revamping value chains,boosting labor productivity,and reducing operating costs.
• E) decentralized decision making and employee empowerment cannot work well without having well-conceived information and operating systems to accurately benchmark internally performed value chain activities against best-in-industry and best-in-class performers.

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Definitions:

Modernization Theory

Modernization theory is a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations.

Economic Underdevelopment

A state where a country lags behind in economic progress compared to industrialized nations, marked by low GDP, lack of industrialization, and poor living standards.

Western Attributes

Characteristics or qualities that are typically associated with Western societies, including values, practices, and cultural norms.

Homogeneous

Describes a group, structure, or substance that has the same or similar elements uniformly distributed throughout.