The Most Dependable Way to Keep People Focused on Strategy

question 29

Multiple Choice

The most dependable way to keep people focused on strategy execution and the achievement of performance targets is to

• A) establish ethical compensation policies and convince employees that they are the firm's most valuable competitive asset.
• B) design monetary and non-monetary incentives that boost labor productivity and help lower the firm's overall labor costs.
• C) generously reward and recognize people who meet or beat performance targets and to deny rewards and recognition to those who don't.
• D) pay employees a bonus for each strategic and financial objective that the company achieves.
• E) allow employees to propose what rewards they would like to receive to achieve the company's stretch objectives.

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Definitions:

Big Data User

Refers to individuals or organizations that analyze and interpret large volumes of diverse data to uncover patterns, correlations, market trends, or customer preferences.

Active Customers

Consumers who actively engage with a brand or product through purchases, feedback, and participation in loyalty programs.

Amazon

A global e-commerce and technology company offering a wide range of products and services, including online retail, digital streaming, and artificial intelligence technologies.

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision-making processes.