The Hallmarks of a High-Performance Corporate Culture Include

question 72

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 in which 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:

Conservation Cost

The expenses related to the preservation and protection of natural resources or the environment.

Optimal Extraction

The most efficient rate at which a non-renewable resource should be consumed or used, taking into account sustainability and future value.

Nonrenewable Resource

A natural resource that cannot be readily replaced by natural means on a level quick enough to keep up with consumption.

Market Price

The current price at which an asset or service can be bought or sold, determined by the supply and demand dynamics in the open market.