Company Managers Can Significantly Advance the Cause of Superior Strategy

question 40

Multiple Choice

Company managers can significantly advance the cause of superior strategy execution by

• A) using various process management tools to drive continuous improvement in how internal operations are conducted.
• B) benchmarking the company's performance of particular activities and business processes against "best-in-industry" performers.
• C) examining "best-in-company" performers if a company's different organizational units is performing the same functions at different locations.
• D) benchmarking the company's performance of particular activities and business processes against "best-in-world" performers.
• E) All of these.

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Definitions:

Identical House

A conceptual term often used in real estate to describe homes that are exactly the same in design, size, and features for comparative purposes.

Loss Aversion

A psychological phenomenon where individuals prefer avoiding losses to acquiring equivalent gains, indicating a greater sensitivity to losses than to gains.

Savings Increase

A rise in the amount of money set aside for future use, typically in a deposit account or investment vehicle.

Zero Percent Interest

Zero Percent Interest describes a financing or credit offer where no interest is charged on the principal amount for a specific period, typically used as a promotional strategy.