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.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Normal Balance

The usual balance side (debit or credit) of an account, determined by the type of account, which helps in maintaining the double-entry accounting system.

Temporary/Permanent

Refers to the nature of differences affecting financial reporting; temporary differences resolve over time, whereas permanent differences do not.

Principal Plus

A term indicating the original amount of investment or loan plus any accrued interest or profits.