6a - Your Results: The correct answer for each question is...

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Your Results: The correct answer for each question is indicated by a . 1 CORRECT Which of the following is not one of the principal managerial components associated with implementing and executing strategy? A) Adopting an organizational structure that supports strategies intended to create customer value B) Ensuring that policies and procedures facilitate rather than impede strategy execution C) Reducing the layers of management to a bare minimum and making sure employees are empowered D) Staffing the organization with people having the right skills and expertise E) Instilling a corporate culture that promotes good strategy execution 2 INCORRECT The rationale for making strategy-critical value chain activities the primary building blocks in a company's organizational scheme is based on A) the contribution it makes to improving labor productivity and reducing labor costs. B) the benefits of keeping the layers of management to a minimum. C) the thesis that if activities crucial to strategic success are to have the resources, decision-making influence, and organizational impact they need, they have to be centerpieces in the organizational scheme. D) the benefit of keeping the organization structure simple and easy for employees to understand. E) making it easier to capture the benefits of centralized decision- making. 3 INCORRECT Which one of the following falsely describes a centralized approach to decision-making? A) Little discretionary authority is granted to frontline supervisors and rank-and-file employees. B) Hierarchical command-and-control structures speed an organization's responses to changing conditions because top-level managers are in a position to quickly review the situation and make a final decision. C) Tight control by a few senior managers makes it easy to fix accountability when things do not go well. D) There is an assumption that frontline personnel have neither the time nor the inclination to direct and properly control the work they are performing, and that they lack the knowledge and judgment to make wise decisions about how best to do their work. E) Top executives retina authority for most strategic and operating decisions.
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4 INCORRECT A change in strategy nearly always entails budget reallocations because A) new strategic initiatives can be costly or capital intensive. B) units important in the prior strategy but having a lesser role in the new strategy may need downsizing while units and activities that now have a bigger and more critical strategic role may need more people, new equipment, additional facilities, and above-average increases in their operating budgets . C) the accompanying policy revisions and compensation incentives tend to require different levels of funding than before. D)
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This note was uploaded on 10/02/2011 for the course FIN 685 taught by Professor Grady during the Spring '11 term at Texas A&M.

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6a - Your Results: The correct answer for each question is...

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