A Major Factor That Company Executives Need Not Worry About

question 98

Multiple Choice

A major factor that company executives need not worry about when their company is managing many diverse,unrelated firms is

• A)choosing business-unit heads having the requisite combination of managerial skills and know-how to motivate people.
• B)understanding the true value of strategic investment proposals by business-unit managers.
• C)knowing what to do if a business unit stumbles.
• D)"managing by the numbers"-that is,keeping a close track on the financial and operating results of each subsidiary.
• E)staying abreast of what's happening in each industry and subsidiary.

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Definitions:

Training

The process of teaching or learning a particular skill or behavior through practice and instruction over a period.

Team Effectiveness

The degree to which a team achieves its objectives, fulfills the requirements of its members, and sustains its survival and functionality over time.

Common Information Effect

The Common Information Effect is a group dynamic phenomenon where members tend to focus and give more importance to information that everyone in the group knows, rather than unique data held by few.

Explicitly Told

Information or instructions that are conveyed in a direct, clear, and unambiguous manner, leaving no room for misinterpretation or inference.