Exam 7: Implementing and Executing Strategies in the Business and Functional Levels

The modern employee hiring emphasis on "whole person" rather than his or her qualifications for a specific job. Characteristics of such approach includes _____________.

In any given situation, performance appraisal approach guarantees better results than Management by Objectives (MBO).

Based on the chapters so far, on a scale of 1-10, how would you rank a risk taker leader over a risk avert leader? What factors do you consider while prioritizing risk-taking abilities in a leader? Elaborate.

From the strategy implementation perspective, centralized decision making allows all the following benefits except _____________.

In terms of identifying primary activities and key tasks, the corporate level parts of the organization alone are important.

A strategy remains to be an illusion unless it is effectively implemented and executed by the organization. Comment and elaborate with real examples.

Rewarding only short-term results leads to a potentially dangerous disregard of the long-term ones.

The more employees "own" strategy in an organization, the more positive outcomes in terms of increased _____________ would result.

Traditional human resource management focuses on hiring employees who possess the requisite skills, knowledge, and abilities.

___________ is a statement of the activities necessary for accomplishing the strategy that you have chosen.

Gradual structural changes give the organization time to _____________.

Centralized decision making leads to duplication of efforts, hence increases organizational expenses.

Rapid structural changes leave less time for organizational politics, resistance, and the see-sawing back and forth between the old and the new structure.

All of the following are unconventional acts practiced to close the strategy-to-execution gap except _________.

The concentration of management and decision-making power at the top of an organization's hierarchy is called _____________, whereas organizations that continually expand their ability and transform themselves to shape their future are _____________.

A program consists of sequential steps that describe precisely how a particular task to be implemented.

The authors acknowledge that "Rewarding only short-term results leads to a potentially dangerous disregard of the long-term." Comment in the light of human resources' critical role in the organizational culture.

The key elements to have successful TQM implementation are: (i) Ethics, (ii) Integrity, (iii) Trust, (iv) Training, (v) Teamwork, (vi) Recognition, (vii) political support and (viii) marketing

Based on the respective functions of the eight key elements to have a successful TQM implementation, they can be categorized into the following four major groups _____________.

Thompson and Strickland suggest four unconventional acts with Dos and Don'ts to close the strategy-to-execution gap.