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.

Learn methods for measuring the effectiveness of an ethics program.

Differentiate between codes of values, ethics, and conduct, and understand their significance.

Understand common challenges in implementing organizational ethics programs and strategies to overcome them.

Recognize the importance of fostering an ethical corporate culture to prevent misconduct.

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Definitions:

Cash Basis Accounting

An accounting method that records revenues and expenses when cash is actually received or paid, rather than at the time they are incurred.

Rental Payments

Periodic payments made by a lessee to a lessor for the use of a property, space, or equipment.

Landlord

An individual or entity that owns real estate which is rented or leased to another party, known as a tenant.

Prepaid Expense

Costs that have been paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until consumed.