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

question 15

Multiple Choice

Management's most powerful tool for winning employee commitment to good strategy execution and operating excellence 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 system of rewards and incentives tied tightly to the achievement of the targeted strategic and financial performance.
• E) aggressive use of TQM and Six Sigma quality control programs.

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Definitions:

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, often represented by the yield on government securities such as U.S. Treasury bills.

Future Exchange Rate

The anticipated value of one currency in terms of another currency at a future date, often used in hedging and trading strategies.

Indifferent

A state of having no preference or being neutral between two or more choices in decision-making scenarios.

Equity Market

The marketplace where shares of companies are bought and sold, facilitating capital raising for listed companies and investment opportunities for buyers.