Which of the following is a management issue central to strategy implementation?Select one:a. Minimizing resistance to changeb. Devising policiesc. Developing an effective human resources functiond. Revising reward and incentive planse. All of theseThe correct answer is: All of these Show Which of the following is NOT a management issue central to strategy implementation?Select one: Get answer to your question and much more Which of the following is NOT true about objectives?Select one: Get answer to your question and much more requires coordination among a few individuals Definition Which of these is true about strategy implementation It is primarily an operational process Which of the following is a management issue central to strategy implementation Devising policies Revising reward and incentive plans Minimizing resistance to change Developing an effective human resources function Establishing objectives is aTerm decentralized activityDefinition Considerable time and effort should be devoted to assuring objectives are well conceived because they represent the basis forTerm monitoring progress toward long-term objectives. Which of the following is NOT true about objectivesTerm They should use terms like "maximize," "minimize," and "as soon as possible Which word or phrase would most be best to use in written objective statements What term is used to describe specific guidelines, methods, procedures, rules, forms and administrative practices established to support and encourage work toward stated goals? Which term is best defined as a central management activity that allows for strategy execution? ________ is NOT a major factor that commonly prohibits effective resource allocation. Underprotection of resources A disagreement between two or more parties on one or more issues is called a(n) Conflict in an organization is What are the three categories of approaches for managing and resolving conflict? Avoidance, defusion, and confrontation Which approach for managing and resolving conflict involves exchanging members of conflicting parties so that each can gain an appreciation of the other's point of view? Which approach for managing and resolving conflict involves ignoring the problem in hopes that the conflict will resolve itself? Which approach for managing and resolving conflict involves playing down differences between conflicting parties, while accentuating similarities and common interests? A) Avoidance Why do changes in company strategy often require changes in the way an organization is structured? Structure dictates how goals and objectives will be established. Structure dictates how
resources will be allocated. What type of organizational structure promotes specialization of labor and allows rapid decision making? Which organizational structure is the most widely used? Medium-sized firms tend to use which type of structure What is NOT one of the basic ways a divisional structure can be organized? A divisional structure by product is most effective when special emphasis needs to be placed on specific products. an organization offers few products. How would Hershey's current divisional structure most likely be classified? A divisional structure by geographic area is most appropriate when organizations have similar branch facilities located in widely dispersed areas. What is the best divisional structure when a few major customers are of paramount importance and many different services are provided to these customers? Which organizational structure has the disadvantage of ambiguous roles for senior executives? What is the most complex form of organizational structure When developing an organizational chart, you should have division presidents report to a chief operating officer. Restructuring is also referred to as ) Which term is primarily concerned with shareholder well-being rather than employee well-being? Which of these involves comparing a firm against the best firms in the industry on a wide variety of performance-related criteria? The primary benefit sought from restructuring is What action involves reconfiguring or redesigning work, jobs, and processes for the purpose of improving cost, quality, service, and speed? A firm uses information technology to reconfigure work, jobs, and processes. As a result, cost, quality, service, and speed are improved. What has the firm engaged in? ) In 2013, ________ of CEO compensation was directly associated with the performance of the firm, rather than salary. All of the following statements regarding the recent trend in Japan of switching from seniority-based pay to performance-based approaches are true EXCEPT the switch is boosting employee morale What pay strategy requires employees or departments to establish performance targets, which, if exceeded, result in bonuses for all members? Which of these is NOT one of the tests used to determine whether a performance-pay plan will benefit an organization? Does the plan reduce management layers What change strategy involves giving orders and enforcing those orders Resistance to change can manifest itself through absenteeism. A change strategy that attempts to convince people that the change is to their personal advantage is Which of the following is in keeping with the current view of organizational change Organizational change is a project. Organizational change is a continuous process. Organizational change is an event. Organizational change involves unfreezing behavior, changing the behavior, and then refreezing the new behavior. Formal statements of organizational philosophy, charters, creeds, materials used for recruitment and selection, and socialization help an organization link culture to strategy. Changing a strategy to fit an existing culture is usually less effective than changing a firm's culture to fit a new strategy. All of the following are examples of offerings at companies to promote a corporate wellness culture EXCEPT free health insurance for employees who exercise regularly All of the following are ways and means for altering an organization's culture EXCEPT Aspects of an existing culture that are antagonistic to a proposed strategy should be delivering materials just as they are needed. A concern in matching managers with strategy is that jobs have relatively ________ responsibilities, while people are ________ in their personal development. the invisible barrier in many firms that bars women and minorities from top-level management positions In 2012, how many Fortune 500 have women CEOs? are becoming more prevalent as companies realize the benefits to the firm. Which company estimates wellness programs have cumulatively saved the company $250 million on health-care costs in the past decade What percent of strategies formulated are successfully implemented What level of management is directly affected by strategy implementation A) Plant managers B) Sales managers C) Project managers D) Division managers Definition All of the following are examples of marketing decisions that may require policies EXCEPT to be a market leader or follower Which two variables rank as marketing's most important contributions to strategic management? Market segmentation and product positioning Subdividing a market into distinct subsets of customers according to their needs and buying habits is known as Why is market segmentation an important variable in strategy implementation Which of the following variables is NOT directly affected by market segmentation Why is market segmentation an important variable in the strategy-implementation process It directly affects marketing mix variables Perhaps the most dramatic new market segmentation strategy is the targeting of regional tastes. Matching which factors would allow factories to produce desirable levels without extra shifts, overtime, or subcontracting? Which variable would be considered part of the "product" element of the marketing mix Which variable would be considered part of the "place" element of the marketing mix What entails developing schematic representations that reflect how your products or services compare to competitors' on dimensions most important to success in the industry? Which is NOT a required step in perceptual mapping Serve two segments with the same strategy An area on a perceptual map without ideal points indicates a Multidimensional scaling is used to determine 69) Which of the following is true about two different market segments? They usually require different marketing strategies Which of these is NOT a rule of thumb when using product positioning as a strategy-implementation tool? Try to serve more than one segment with the same strategy Which of the following is NOT given as an example of a decision that may require finance/accounting policies To be a price leader or a price follower In low-earning periods, too much ________ in the capital structure of an organization can endanger stockholders' return and jeopardize company survival. Which of the following is NOT true regarding stock issuances? They are always better than debt for raising capital What is the most widely used technique for determining the best combination of debt and stock? Earnings per share/earnings before interest and taxes analysis After completing an EPS/EBIT analysis, what conclusions would you make if the debt line is above the stock line throughout the range of EBIT on the graph? Debt appears to be the best financing alternative What becomes a more attractive financing technique when cost of capital is high? Which statement is NOT true? Computer vulnerability has been eradicated by recent innovations, and it is now possible to secure and safeguard all corporate communications, files, and business conducted over the Internet. A benefit of using projected balance sheets and income statements is that the impact of various implementation decisions can be forecasted Projected financial analysis is an important strategy-implementation technique because it allows an organization to examine the expected results of various actions and approaches. What is a central strategy-implementation technique that allows an organization to examine the expected results of various actions and approaches?
Projected financial statement analysis The first step in performing projected financial analysis is to prepare the projected income statement. In preparing projected statements, to project cost of goods sold and the expense items in the income statement, which of these methods is recommended? Percentage-of-sales method Which element in the projected income statement CANNOT be forecasted using the percentage-of-sales method? Retained earnings is obtained by subtracting any dividends to be paid for that year from net income. In projected financial statements, what is used as a plug figure? Which of these is the most common type of budgeting time frame? If a firm incurs a loss during a particular year, or if the firm had positive net income but paid out dividends more than the net income, what happens to the RE amount? What is the most common type of financial budget Who has mandated that every publicly held company in the United States must issue an annual cash-flow statement in addition to the usual financial reports How should financial budgets be thought of?Term As a method for obtaining the most productive and profitable use of an organization's resources What is a limitation of using financial budgets A) They can be so detailed that they are cumbersome and expensive. B) They can become a substitute for objectives. C) They can hide inefficiencies if done only on precedent. D) They are sometimes used as instruments of tyranny. Which of the following is NOT an accepted approach for determining a business' worth Determining what the firm's return on investment has been Which item is included in net worth A) Retained earnings B) Common stock C) Additional paid-in-capital Which method of determining a firm's net worth divides the market price of the firm's stock by the annual earnings per share, and multiplies this number by the firm's average net income for the past five years? Price-earnings ratio method Evaluating the worth of a firm requires both qualitative and quantitative skills The Financial Accounting Standard Board (FASB) Rule 142 deals withTerm In the context of a balance sheet, goodwill represents a premium paid over the book value of an acquisition A conservative rule of thumb is to establish a business' worth as ________ the firm's current annual profit. If an initial stock issuance is $800,000, what would be the expected cost paid to lawyers, accountants, and underwriters, based on the average for IPOs in this range? R&D employees and managers perform all of the following tasks EXCEPT researching resource availability The attitude of U.S. firms toward research and development is best described by which of the following? The veil of secrecy is being lifted, resulting in more collaboration Information collection, retrieval, and storage can be used to create competitive advantages in ways such as A) cross-selling to customers. B) monitoring suppliers. C) keeping managers and employees informed . D) coordinating activities among divisions. What is the cornerstone of effective strategy evaluationTerm All of these are Richard Rumelt's criteria to evaluate a strategy EXCEPT With the passage of time strategy evaluation is becoming All of the following are reasons strategy evaluation is more difficult today EXCEPT the increasing time span for which planning can be done with any degree of certainty. Which of the following is NOT a reason for the increasing difficulty of evaluating strategies Product life cycles are longer is no guarantee of success tomorrow According to Rumelt, the final broad test of strategy is its Competitive advantage normally is the result of superiority in resources, skills, or What term refers to the need for strategists to examine sets of trends, as well as individual trends, in evaluating strategies? Rumelt's criteria of consonance refers to the need for strategists to examine If success for one organizational department means failure for another department, then strategies may be Modern organizational realities demand that employees demonstrate greater A) flexibility. B) innovation. C) creativity. D) initiative. Strategy-evaluation activities should ideally be performed Corrective actions are almost always ________ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives. If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses. A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats. Which of the following is NOT included in measuring organizational performance Comparing results to competitors' expectations Which of the following is a corrective action a company might take to correct unfavorable variances? A) Divesting a division B) Revising objectives C) Raising capital with stock or debt D) Allocating resources differently Definition Quantitative criteria commonly used to evaluate strategies are Which of these is a potential problem associated with using only quantitative criteria for selecting strategies? Different accounting methods can provide different results on many quantitative criteria. Also important in evaluating strategies are ________ criteria, like high absenteeism and turnover rates, or low employee satisfaction Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with the performance of competitors. Most quantitative criteria are geared to ________ objectives rather than ________ objectives. What corrective actions might a firm take during strategy evaluation A) Revise the business mission B) Issue stock C) Revise objectives D) Sell a division According to author Alvin Toffler, what occurs when the nature, types, and speed of changes overpower an individual's or organization's ability and capacity to adapt? Corrective actions should always strengthen an organization's competitive position in its industry. Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation? According to researchers, all of the following encourage individuals to accept change EXCEPT being overpowered by the nature, types, and speed of changes. Corrective action should do all of the following EXCEPT avoid external opportunities Which of the following is NOT one of the four perspectives from which the Balanced Scorecard allows firms to evaluate strategies? What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns? The Balanced Scorecard approach The Fortune 50 includes all of the following EXCEPT Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"? Amount of physical resources foster mutual understanding and trust Controls need to be ________ rather than ________. action-oriented; information-oriented The strategy-evaluation process should foster Which of the following is true regarding the design of a firm's strategy-evaluation system It should be determined based on the unique characteristics of a company. ________ organizations require more elaborate and detailed strategy-evaluation systems than ________ ones because it is more difficult to coordinate efforts among different divisions and ________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected Which of the following statements about contingency plans is NOT true? Strategists should plan for all possible contingencies. What has been shown to permit quick response to change, prevent panic in crisis situations, and make managers more adaptable? What term is defined as "a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between these assertions and established criteria, and communicating the results to interested users"? International financial reporting standards (IFRS) comprise approximately ________ pages Already the European Union and 113 nations including Australia, Mexico, and Canada have ________ IFRS rules. adopted or soon plan to use What are the management issues central to strategy implementation?Management issues central to strategy implementation include establishing annual objectives, devising policies, allocating resources, altering an existing organizational structure, restructuring and reengineering, revising reward and incentive plans, minimizing resistance to change, matching managers with strategy, ...
What are the issues in strategy implementation?This led to the following six key problems.. Ineffective communication. The most mentioned problem in strategy execution is bad communication. ... . Ineffective alignment. ... . Ineffective change management. ... . Ineffective performance management. ... . Ineffective project management. ... . Ineffective strategy.. Which among the following is not a step of strategy implementation?The answer is A.
Performance evaluations occur outside of strategy implementation, but progress is monitored throughout to make adjustments as needed.
What are the 3 C's of implementing strategy?For simplicity and success, begin by focusing on the three Cs of implementing strategy: clarity, communication, and cascade. Each of these three Cs actually roll into the next.
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Which of the following is not a management issue central to strategy implementation?
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