Management's Most Powerful Tool for Winning Employee Commitment to Good

question 71

Multiple Choice

Management's most powerful tool for winning employee commitment to good strategy execution is

• A)the establishment of strategy-supportive policies and procedures.
• B)empowering employees and encouraging them to adopt best practices.
• C)setting stretch objectives.
• D)a structure of rewards and incentives tied tightly to the achievement of the organization's strategic priorities.
• E)aggressive use of TQM and Six Sigma quality control programs.

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Definitions:

Marginal Resource Cost

The increase in total cost that results from utilizing one additional unit of a resource in production.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.

Labor Demand Data

Information that reflects the quantity of labor that employers are willing to hire at various wage rates.