Recruiting and Retaining Capable Employees

question 65

Multiple Choice

Recruiting and retaining capable employees

• A) is usually much more important to good strategy execution than is assembling a capable top management team.
• B) is important because the quality of an organization's people is always an essential ingredient of successful strategy execution-knowledgeable, engaged employees are a company's best source of creative ideas for the nuts-and-bolts improvements that lead to operating excellence.
• C) is more important during periods of rapid growth than during periods of crisis and attempted turnarounds.
• D) is an important organization-building element, particularly when it comes to transforming a competence into a core competence or distinctive competence.
• E) is easily the most critical aspect in building competitively valuable core competencies and capabilities.

---

Definitions:

Plant Size

The scale or capacity of a factory or production facility, often measured in terms of productive capability or physical dimensions.

Diseconomies of Scale

An economic concept where increasing production results in higher per unit costs.

Long-run Average Total Cost

The average cost per unit of output over the long term, where all inputs are considered variable, allowing firms to adjust all factors of production.

Plant Sizes

The physical capacity or scale of a manufacturing facility, which can influence production volume, efficiency, and cost.