Answer the following statements true (T) or false (F)
1. Execution is tactical in nature, rather than part of a company's strategy.
2. A company must be able to execute three core processes of business including people, products, and administration.
3. Insisting on realism is among the leader behaviors that help a manager successfully execute a strategy.
4. Managers who execute well insist on constant optimism.
1. FALSE
Execution is not simply tactics; it is a central part of any company's strategy. It consists of using questioning, analysis, and follow-through to mesh strategy with reality, align people with goals, and achieve results promised.
2. FALSE
A company's overall ability to execute is a function of effectively executing according to three processes: people, strategy, and operations.
3. TRUE
Bossidy and Charan propose that there are seven essential types of leader behaviors that are needed to fuel the engine of execution. Insisting on realism is among them. Many people want to avoid or shade reality, hiding mistakes or avoiding confrontations. Making realism a priority begins with the leaders being realistic themselves, and making sure realism is the goal of all dialogues in the organization.
4. FALSE
Bossidy and Charan propose that there are seven essential types of leader behaviors that are needed to fuel the engine of execution. Insisting on realism is among them. Many people want to avoid or shade reality, hiding mistakes or avoiding confrontations. Making realism a priority begins with the leaders being realistic themselves, and making sure realism is the goal of all dialogues in the organization.
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The first-in, first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________.
A) because it does not recognize transferred in units from other processes B) when there are substantial quantities of units in process at the end of the period C) because it merges costs from the prior period with the current period D) because it is used by industries that do not experience significant cost changes
Which type of planning is in accord with the principles of participative management?
a. top-down b. bottom-up c. short range d. long range
Answer the following statements true (T) or false (F)
1. In some cases where employer misconduct is so damaging to support for a union that the NLRB does not believe a fair election could be held, the Board may require the employer to bargain with the employees even though it does not have the votes necessary. 2. Because the NLRB election procedures are flawed, more and more unions are attempting to organize workers "outside" the NLRB certification process; for example, by pressuring employers to voluntarily recognize the union. 3. The Employee Free Choice Act would increase penalties to employers who violate the NLRA and change voting procedures so that simply showing a majority of signed authorization cards would be enough to certify the union. 4. The proposed Employee Free Choice Act would require that a neutral third party decide the terms of a first contract.
The NCS provided incidence and extensive data on which two types of compensation benefits?
A) health insurance & retirement. B) retirement & stock options. C) health insurance and pay. D) Pay and stock option.