Exam 11: Managing Internal Operations: Actions That Promote Good Strategy Execution

Provide three examples of nonmonetary motivation and rewards practices that have the capability to foster good strategy execution and explain how they act to produce such a result.

Explain how the Six Sigma process of define, measure, analyze, improve, and control (DMAIC) works. Provide at least two examples of companies that have adopted Six Sigma.

The president of a specialty bakery decided to introduce nonmonetary incentives to enhance employee motivation and spur strategy execution. When her staff presented with some ideas, she chose all of the following EXCEPT

Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following EXCEPT

To build a total quality culture and achieve full value from the use of TQM or Six Sigma initiatives, managers can take such action steps as

A company's operating budget must

A change in strategy nearly always entails budget reallocations because

Name the five broad areas that information systems need to cover and explain the significance of real-time tracking and reporting.

The top management at a new social media technology company would like to revamp its incentive compensation system to attract ambitious employees. What would be their best approach?

The idea behind benchmarking and best practices is to

Without a strategic framework, managers lack the context in which to

Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because of all the following reasons EXCEPT

Which of the following statements about total quality management (TQM) is FALSE?

An important consideration in designing a strategy-supportive reward system is to

How do well-conceived policies and procedures aid the task of implementing and executing strategy? Explain how well-conceived policies and procedures facilitate organizational change and good strategy execution.

Which of the following exemplifies one of the most widely used methods of gauging how well a company is executing its strategy?

Six Sigma quality control

Which of the following is NOT characteristic of a compensation and reward system designed to help drive successful strategy execution?

To create a strategy-supportive system of rewards and incentives, a company must

Why is it unwise to take off the pressure for good performance or play down the adverse consequences of shortfalls in performance as part of a company's motivational and reward scheme for promoting competent strategy execution?