A useful guideline in designing strategy-facilitating policies and operating procedures is
A) to prescribe enough policies to give organizational members clear direction in implementing strategy and to place reasonable boundaries on their actions. This then empowers them to act within these boundaries in pursuit of company goals.
B) that strictly enforced policies work better than loosely enforced policies.
C) that more policies/procedures work better than fewer policies/procedures, and that strict enforcement always beats lax enforcement.
D) to let individuals act in an empowered and self-directed way, subject only to the constraint that their actions and behavior be ethical and in step with the corporate culture.
E) to prescribe enough policies and procedures that little is left to chance in performing value chain activities, and employees should have no leeway to do things in a manner that deviates from the company's best-practices standard.
Correct Answer:
Verified
Q1: Providing top-down guidance can aid the task
Q2: What is a good example of how
Q4: A "best practice" refers to a
A)policy or
Q5: New strategies often entail budget reallocations because
A)revamping
Q6: Visible actions to reallocate operating funds and
Q7: Merely fine-tuning the execution of a company's
Q8: A company's operating budget must
A)be strategy-driven in
Q9: Good strategy execution can involve policies and
Q10: Well-conceived policies and operating procedures facilitate good
Q11: Managers charged with implementing and executing strategy
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