Exam 10: Implementation

A(n)_______ does not necessarily communicate the real difference in the importance of objectives.

Short-term objectives are usually:

Some firms assign ____ to establish and communicate the relative priority of objectives.

_______ are usually accompanied by subsequent action plans.

______ dilute shareholders' equity when they are exercized

One way operating managers ensure decision making is consistent with the mission,strategy and tactics of the business while allowing considerable latitude to operating personnel is through the use of:

Short-term objectives __________ long-term objectives.

One benefit of short-term objectives and action plans is its _________,which clarify personal and group roles in a firm's strategies and help realistically challenge managers to perform well.These objectives are particularly effective when linked to the firm's reward structure.

Relentless cost cutting is the main force behind the trend of _____.

Policies ________ basic aspects of organization behavior.

Difficulties in quantifying objectives often can be overcome by initially focusing on measurable activity and then identifying measurable

A benefit of short-term objectives and action plans comes from the __________.If this is done and managers participate,short-term objectives and action plans provide valid bases for addressing and accommodating conflicting concerns that might interfere with strategic effectiveness.

Which of the following items is NOT an example of how action plans enhance short-term objectives?

________ is the act of allowing an individual or team the right and flexibility to make decisions and initiate action.

______ provide the executive with the right to purchase company stock at a fixed price in the future.

Involving operating managers can increase the __________ of operating managers to the strategies developed.

__________ are much easier to value than options because they are equivalent to a stock transfer at the market price.

Policies offer predetermined answers to _____ problems.

Policies establish __________ over _________ by clearly stating how things are to be done _________.

__________ are directives designed to guide the thinking,decisions and actions of managers and their subordinates in implementing a firm's strategy.