The most significant signs of a well-managed company are
A. a visionary mission statement and a willingness to pursue offensive strategies rather than defensive strategies.
B. a profitable business model and a balanced scorecard approach to measuring the company's performance.
C. aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant.
D. the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision.
E. good strategy-making combined with good strategy execution.
Answer: E
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A. They have a chance to select and secure the most attractive segments of the market B. They have less uncertainty over the nature of the market C. They have the chance to position themselves at the center of the market D. They have a chance to establish their product as the industry standard
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Deming developed which of the following?
a. Theory of Management b. Theory of Production c. Theory of Constraints d. Theory of Manufacturing