In the Context of the Planning Process, Implementation of Selected

question 109

Multiple Choice

In the context of the planning process, implementation of selected plans will be most successful when:

• A) only senior managers participate in the planning process.
• B) limited financial resources are made available to the manager.
• C) they are linked to other organizational systems like budgets and rewards.
• D) they are converted into strict rules for employees to follow.
• E) they are projected as confidential issues concerning top management.

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Definitions:

Firm-specific Human Capital

The unique skills and knowledge that employees acquire through training and experience, contributing directly to the success of their specific employer.

Technical Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country, particularly those skills relevant to technical or engineering tasks.

Firm-specific Human Capital

Firm-specific Human Capital refers to the unique knowledge, skills, and experiences that employees acquire through working in a particular firm, making them more valuable to that firm but not necessarily to others.

Technical Human Capital

The specialized knowledge, expertise, and skills related to technology and engineering possessed by individuals, contributing to an organization's competitive advantage.