Exam 10: Implementation

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

The strategic ________ of policies can vary.

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

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

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:

______ identify who is responsible for each action in the plan.

_______ communicate guidelines to decisions.

Business strategies,grand strategies,and ______ are critically important in crafting a successful future.

Policies establish __________ over independent action.

The goal of an executive bonus compensation plan is to:

Functional tactics translate thought (______)into action designed to accomplish specific short-term objectives.

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

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

___________ is the most frequently outsourced functional activity at 75 percent.

One benefit of short-term objectives and action plans is that they provide a __________.They can provide clear,measurable mechanisms for developing budgets,schedules and trigger points,which help control the implementation of strategy.

Policies are also sometimes called

________ provide incentive for the executive to create wealth for shareholders as measured by increases in the firm's share price.

The success of bonus compensation as an incentive hinges on:

Which of the following is NOT a way that specificity in functional tactics contributes to successful implementation?

__________ 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.