Exam 10: Implementation

The goal of an executive bonus compensation plan is to:

Stock options have typically represented _______ of a CEO's average pay package.

A firm with a strategic goal of streamlining operations should use ________ to reward the long-term focus on efficiency and cost control.

Short-term objectives are more consistent when they clearly state what is to be accomplished,when it will be accomplished and how its accomplishment will be:

The link between short-term and long-term objectives should resemble ________ through the firm from basic long-term objectives to specific short-term objectives in key operation areas.

________ offers employees more certainty,even if there is less potential for a big win.

Which of the following is NOT a benefit of formal,written policies?

_________ is the main force behind the outsourcing trend.

________ can help avoid conflicting assumptions about the relative importance of annual objectives,which could otherwise inhibit progress toward strategic effectiveness.

___________ are measurable outcomes achievable or intended to be achieved in one year or less.

_______ communicate guidelines to decisions.

Which of the following is NOT an example of a quality of effective short-term objectives?

Policies counteract resistance to or rejection of chosen _______.

The goal of ______ is not the only goal that executives may pursue.

A ________ is designed to provide benefits of direct executive stock ownership.

Policies ensure ______ action.

If the executive quits is fired or simply retires,he would be best protected by a _________,which is designed to retain talented executives.

Policies establish __________ over independent action.

A firm with a strategic goal of reducing executive turnover would use _________ to provide an incentive for longer executive tenure.

Policies may be ________ or _________.