The Principal Managerial Actions and Initiatives Undertaken in the Strategy

question 104

Multiple Choice

The principal managerial actions and initiatives undertaken in the strategy execution process include which of the following?

• A)Deciding how much to spend on employee training
• B)Instituting policies and procedures that facilitate rather than impede effective strategy execution
• C)Doing an effective job of empowering employees
• D)Revamping the value chain in a manner calculated to maximize operating efficiency
• E)Selecting a capable top management team

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Definitions:

Conforming Goods

Goods that meet the specifications and quality standards outlined in a purchase contract.

Course of Dealing

The behavior and pattern of actions between parties that establishes a common basis for understanding their conduct in executing agreements.

Nonconforming Goods

Goods delivered under a sales contract that fail to meet the quality or specifications agreed upon by the seller and buyer.

Cure Defects

The action of rectifying or fixing flaws or deficiencies in a product, service, or legal document.