Exam 10: Implementation

Short-term objectives are usually accompanied by subsequent:

_______ are executive bonus compensation plans that focus on accounting measures of performance and are designed to offset the limitations of market-based measures of performance.

Policies reduce _______ in day to day decision making.

________ theoretically reward(s)the actions of people within an organization.

Every ________ in a company executes functional tactics that support the business's strategy and help accomplish strategic objectives.

________ are key,routine activities that must be undertaken in each functional area.

It is far easier to quantify the objectives of ______,like production,than of certain ______ areas like personnel.

Golden handcuffs:

__________ represent a form of executive compensation where compensation is deferred.

Difficulties in quantifying objectives can often be overcome by initially focusing on _________ and then identifying _________.

Restricted stock plans offer:

Short-term objectives and action plans give operating personnel a better understanding of their role in the firm's ______.

A common measure of shareholder wealth creation is appreciation of company

Functional tactics translate _______ into action designed to accomplish specific short-term objectives.

The ___________ of functional tactics allows functional managers to adjust to changing current conditions.

__________ is acquiring an activity,service or product necessary to provide a company's products or services from "outside" the people or operations controlled by that acquiring company.

Words like "primary," "top," and "secondary," may be used to indicate:

__________ increase managerial effectiveness by standardizing many routine decisions and clarifying the discretion managers and subordinates can exercise in implementing functional tactics.

Policies can be externally imposed or ______

The rationale behind golden handcuffs is that the plan: