Building an Organization Capable of Good Strategy Execution Entails

question 53

Multiple Choice

Building an organization capable of good strategy execution entails

• A) staffing the organization, building core competencies and competitive capabilities, and structuring the organization and work effort.
• B) decentralizing authority for performing strategy-critical value chain activities, establishing at least two distinctive competencies, and hiring talented employees.
• C) investing heavily in employee training, using an empowered organization design and organization structure in order to maximize labor productivity, and employing effective incentive compensation systems.
• D) centralizing authority in the hands of a chief strategy implementer so as to create the leadership authority for driving implementation forward at a rapid pace.
• E) empowering employees, maximizing internal operating efficiency, and optimizing core competencies.

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Definitions:

Current Assets

Assets that are expected to be converted into cash within one fiscal year or one operating cycle, whichever is longer.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Inventory

the total amount of goods or materials held in stock by a company, available for sale or use in production.

Noncash Expense

Expenses recorded on the income statement not requiring actual cash outflow, such as depreciation and amortization.