The Hallmarks of a High-Performance Corporate Culture Include

question 83

Multiple Choice

The hallmarks of a high-performance corporate culture include

• A) frequently revised and updated values and ethics statements,a deep commitment to employee training,and unusually attractive fringe benefit packages for company personnel.
• B) a "can-do" spirit,pride in doing things right,no-excuses accountability,and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives.
• C) a balanced scorecard approach to measuring performance,strong emphasis on teamwork,strict enforcement of company policies and procedures,and incentive compensation for all employees.
• D) a deep commitment to pioneering new best practices,a preference for being a fast follower as opposed to a first mover or late mover (because the risks are more acceptable),and across-the-board bonuses for all personnel when the company meets or beats stretch objectives.
• E) a deep commitment to top-notch quality and superior customer service,dedicated use of TQM and/or Six Sigma quality control programs,and the payment of big performance bonuses and stock options.

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Definitions:

Audit

The examination and verification of a company's financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant, to ensure accuracy and compliance with accounting standards and regulations.

SEC Statement

Financial documentation that companies are required to submit to the U.S. Securities and Exchange Commission (SEC) detailing their financial performance.

Corporate Annual Reports

Official publications by corporations that summarize the company's activities, financial performance, and strategy over the past year.

Management Discussion

A section in a company's annual report or financial statements where management provides a narrative explanation of the company's financial condition, results of operations, and future outlook.