Which of the following best explains why existing policies and procedures should be carefully reviewed when a company adopts a new strategy multiple choice question? [Solved] (2022)

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Which of the following best explains why existing policies and procedures should be carefully reviewed when a company adopts a new strategy multiple choice question?

Which of the following best explains why existing policies and procedures should be carefully reviewed when a company adopts a new strategy? Multiple choice question. - A new strategy often results in a reduction of the workforce, and policies and procedures should be revised when there are layoffs.... read more ›

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Which of the following are likely outcomes if a new strategic business initiative has insufficient resources and too little funding quizlet?

Terms in this set (50) Which of the following are likely outcomes if a new strategic business initiative has insufficient resources and too little funding? Organizational units will not be able to efficiently execute their roles. Progress will be slowed.... see details ›

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How can policies and procedures facilitate good strategy execution quizlet?

How can policies and procedures facilitate good strategy execution? entail creating a corporate culture bent on continuously improving the performance of every task and every value chain activity.... continue reading ›

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Which of the following statements best describes the process of crafting a business strategy?

Which of the following statements best describes the process of crafting a business strategy? Crafting business strategy is based on the analysis of market conditions and the company's resources.... read more ›

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What is the most important factor in bringing about a change in company culture?

What is the most important factor in bringing about a change in company culture? blocking collaboration and teamwork among departments. creating disparate approaches to strategy execution. Undertaking forceful actions that demonstrate a commitment to changing the culture.... read more ›

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Why does a company's budget need to be closely linked to the needs of good strategy execution?

Why does a company's budget need to be closely linked to the needs of good strategy execution? Tight budget control that involve reallocations and resource shifting is management's most powerful tool for first-rate strategy execution.... read more ›

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Which of the following are characteristics of a Type A Behavior Pattern choose every correct answer?

Which of the following are characteristics of a Type A behavior pattern? Others are impatient, hurried, deadline-ridden, competitive types with the personality characteristic known as Type A behavior pattern, meaning they are involved in a chronic, determined struggle to accomplish more in less time.... continue reading ›

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How well designed policies and procedures can facilitate good strategy execution?

3 ways policies and procedures can facilitate good strategy execution by:
  1. Provide top-down guidance about how things need to be done. ...
  2. Help ensure consistency in how execution-critical activities are performed. ...
  3. Promoting the creation of a work climate that facilitates good strategy execution.
... see details ›

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In what ways do well conceived policies and operating procedures facilitate strategy execution?

Well-conceived policies and operating procedures facilitate strategy execution in three ways: 1) They provide top-down guidance regarding how things need to be done. 2) They help ensure consistency in how execution-critical activities are performed.... read more ›

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What does a successful strategy execution require?

What does a successful strategy execution require? A team effort is required, with all managers having strategy executing responsibility in their areas of authority and all employees should be active participants in the strategy execution process.... view details ›

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What steps can be taken to create and maintain an ethical culture in a business organization?

5 Key Components for Building and Maintaining an Ethical Workplace Culture
  • Establish clear accountability for ethical culture as a management function. ...
  • Evaluate your employee-facing compliance policies so they enable rather than inhibit ethical culture. ...
  • Include ethical behaviors in promotion criteria.
Apr 1, 2019

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How do you improve the culture of a company?

7 Powerful Practices to Improve Workplace Culture
  1. Build strong employee relationships. ...
  2. Connect people to a purpose. ...
  3. Encourage frequent employee recognition. ...
  4. Create positive employee experiences. ...
  5. Open up transparency and communication. ...
  6. Give teams the autonomy they seek. ...
  7. Schedule regular and meaningful one-to-ones.
... continue reading ›

Which of the following best explains why existing policies and procedures should be carefully reviewed when a company adopts a new strategy multiple choice question? [Solved] (2022)

How do social and cultural factors impact the effectiveness of communication in an organization?

Cultural Influences-Cultural norms are a major social element affecting effectivecommunication by shaping how employees communicate. Different cultures where employeescome from have different ways of communication and engagement. Some habits may beunacceptable and prevent employees from engaging effectively.... read more ›

How could organizations make use of vision mission statement goals objectives and values strategic management?

Mission and vision statements play three critical roles: (1) communicate the purpose of the organization to stakeholders, (2) inform strategy development, and (3) develop the measurable goals and objectives by which to gauge the success of the organization's strategy.... see more ›

Which one of the following is the best example of a well stated strategic objective?

Which of the following is the best example of a well-stated strategic objective? Overtake key competitors on product performance or quality within three years. Correct.... see more ›

Which statement best describes the connection between corporate cultures and project management structure for success?

Which statement best describes the connection between corporate cultures and project management structure for success? -Functional project management structure do not work in cultures that support cross-functional integration.... see more ›

Why is it necessary for an organization to align its managers with the corporate strategy to ensure better organizational performance?

Aligned organizations result in quicker decisions and reduced time to execution. Organization alignment also allows employees to focus on performing work rather than on figuring out who is supposed to do what and who needs to be consulted when making decisions.... see more ›

Why is it important for business strategy to drive organizational strategy and IS strategy?

A business strategy creates a vision and direction for the whole organisation. It is important that all people within a company have clear goals and are following the direction, or mission of the organisation. A strategy can provide this vision and prevent individuals from losing sight of their company's aims.... read more ›

Which kind of budget is mainly concerned with planning the operation of the firm over the period of one or two years?

Fixed Budget: A fixed budget is one which is prepared for one level of activity for a certain period of time.... continue reading ›

What are the 4 personality types?

A study published in Nature Human Behaviour reveals that there are four personality types — average, reserved, role-model and self-centered — and these findings might change the thinking about personality in general.... read more ›

Which traits are elements of an individual's core self evaluation choose every correct answer?

Core self-evaluations (CSEs) represent a broad personality trait comprising four positive individual traits: (1) self-efficacy, (2) self-esteem, (3) locus of control, and (4) emotional stability. When people have a positive or high core self-evaluation, they see themselves as capable and effective.... see more ›

Which of the following is not true about Type A behavior pattern quizlet?

Terms in this set (20) Which of the following is not true about Type A behavior pattern? It promotes physiological but not psychological and behavioral strains.... view details ›

How do you ensure successful strategy implementation?

7 Key Steps in the Implementation Process
  1. Set Clear Goals and Define Key Variables. ...
  2. Determine Roles, Responsibilities, and Relationships. ...
  3. Delegate the Work. ...
  4. Execute the Plan, Monitor Progress and Performance, and Provide Continued Support. ...
  5. Take Corrective Action (Adjust or Revise, as Necessary)
Feb 25, 2020

Why is execution of strategy more important than making of strategy?

Therefore, you cannot have good execution without having good strategy. Most everyone would agree that you cannot achieve good results without having good execution; similarly, most would agree that having a good strategy alone is no surefire formula for success.... read more ›

What steps does the firm need to take to execute its strategy and measure the results?

5 Key Steps for Successful Strategy Execution
  1. Step 1: Visualization.
  2. Step 2: Measurement.
  3. Step 3: Tracking.
  4. Step 4: Reporting.
  5. Step 5: Performance Management.
  6. Get the guide ↓
Sep 14, 2017
... view details ›

Which of the following steps is a useful guideline in designing strategy facilitating policies and operating procedures?

A useful guideline in designing strategy-facilitating policies and operating procedures is: to prescribe enough policies to give organizational members clear direction in implementing strategy and to place reasonable boundaries on their actions.... see details ›

Which of the following are appropriate criteria to determine whether a company has good strategic leadership?

Which of the following are appropriate criteria to determine whether a company has good strategic leadership? The company is meeting or beating targets. The company has a good strategy and business model. The company's strategy is being executed competently.... view details ›

When trying to change a problem culture management should undertake such steps as?

When trying to change a problem culture, management should undertake such steps as: identifying facets of the present culture that are supportive of good strategy execution and which ones are not and then specifying what new actions, behaviors, and work practices are needed in the new culture to improve performance.... continue reading ›

What does a good strategy execution require quizlet?

Good strategy execution requires a team effort. All managers have strategy-executing responsibility in their areas of authority, and all employees are active participants in the strategy execution process.... see more ›

Why is execution of the strategy so important quizlet?

They are reaffirmed during the planning process to ensure they are aligned with future strategic directions. Why is execution of the strategy so important? A. It helps to make all organizational stakeholders feel like part of the team.... read more ›

Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage group of answer choices?

- Four conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage. The resources must be valuable, rare, imperfectly imitable, and non-substitutable.... continue reading ›

Which of the following are questions that managers are likely to ask when beginning the strategic management process?

Which of the following are questions that managers are likely to ask when beginning the strategic management process? Is our vision product- or customer- oriented? How can we achieve our goals? What do we ultimately hope to achieve?... see details ›

Which of the following are important in the formulation of a strategy quizlet?

Annual objectives are especially important in strategy formulation. According to research, a healthier workforce can more effectively and efficiently implement strategies. Identifying an organization's existing vision, mission, objectives, and strategies is the final step for the strategic management process.... read more ›

Which of the following is an element of good strategy quizlet?

A good strategy consists of three elements: A diagnosis of the competitive challenge. A guiding policy to address the competitive challenge. A set of coherent actions to implement the firm's guiding policy.... read more ›

Which of the following enables a company's business processes to be a source of competitive strength?

A company's business processes can be a source of competitive strength if they enable the company to innovate better or to execute better than its rivals. Business processes can also be liabilities if they are based on outdated ways of working that impede organizational responsiveness and efficiency.... continue reading ›

What are the characteristics a firm's resources must have in order to become a source of sustainable competitive advantage?

The idea here is that if a firm is to maintain sustainable competitive advantage, it must control a set of exploitable resources that have four critical characteristics. These resources must be (1) valuable, (2) rare, (3) imperfectly imitable (tough to imitate), and (4) nonsubstitutable.... read more ›

Which of the following are examples of firm resources that may be a source of competitive advantage?

If a firm want to take competitive advantage over its rivals then it must utilize its resources such as, physical resources, organizational resources and human resources in the most effective and efficient manner.... read more ›

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