Enlisting Employees' Sustained and Energetic Commitment to Good Strategy Execution

question 98

Multiple Choice

Enlisting employees' sustained and energetic commitment to good strategy execution and achievement of the strategic priorities and financial objectives is best done by

• A)a resourceful and effective use of motivational incentives,both monetary and nonmonetary.
• B)a clever and innovative use of benchmarking and best practices.
• C)developing core competencies in the use of TQM,Six Sigma programs,and business process reengineering.
• D)providing employees with a high degree of job security and attractive perks.
• E)having top executives commit to making employees the company's most valuable competitive asset.

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Definitions:

Operating Activities

Activities that relate to the primary operations of the company, such as selling products or services.

Dividend Payments

Cash or stock distributions made by a corporation to its shareholders from its earnings.

Borrowed Money

Funds that an individual or organization takes from another party under the condition of returning it back in the future often with interest.

Accounting Communication Process

The system by which financial information is identified, measured, recorded, and communicated to interested parties.