When a company's strategy execution effort is not delivering good results, it is the leader's responsibility to step forward and initiate corrective actions. What are some of the actions a leader can take to correct the strategy execution effort?
What will be an ideal response?
Sometimes it must be recognized that unsatisfactory performance may be due as much or more to flawed strategy as to weak strategy execution. That's where initiating corrective actions comes into play. Success in making corrective actions hinges on: (1) a thorough analysis of the situation, (2) the exercise of good business judgment in deciding what actions to take, and (3) good implementation of the corrective actions that are initiated. Successful managers are skilled in getting an organization back on track rather quickly. They (and their staffs) are good at discerning what actions to take and in bringing them to a successful conclusion. Managers who struggle to show measurable progress in implementing corrective actions in a timely fashion are candidates for being replaced.
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Which of the following statements is true concerning external users of financial information?
a. External users need detailed records of the business to make informed decisions. b. External users are primarily responsible for the preparation of financial statements. c. External users rely on the financial statements to help make informed decisions. d. External users rely on management to tell them whether the company is a good investment
Why do the warriors play such an integral role in groups?
a. They make sure the team is meeting its objectives. b. They ask the critical “what if” questions. c. They make certain the plan is successfully implemented. d. They help convince skeptical group members to follow the plan.
Which of the seven main metaphors in the ZMET reflects changes in substance and circumstance?
A) Balance B) Transformation C) Journey D) Container E) Control
The resistance points in contract negotiations are determined by:
A. The parties' desired outcomes. B. The parties' target point. C. The parties' BATNAs or MLATNAs. D. The contract zone.