Once company managers have decided on a strategy, the emphasis turns to
A. establishing policies and procedures that instruct company personnel in the ways and means of executing the strategy.
B. developing a detailed implementation plan that sets forth exactly what every department and every manager needs to do to proficiently execute the company's strategy.
C. building the core competencies and competitive capabilities needed to execute the strategy.
D. converting the strategy into actions and good results.
E. empowering employees to revise and reorganize value chain activities to match the strategy.
Answer: D
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Companies that do not include environmental costs into the cost of production
a. Have an advantage over those companies that do so b. May face serious problems in the long run c. Are conscientious corporate citizens d. Are likely to have high production costs
Two non-competing global firms meet quarterly to discuss multiple perspectives on world trends. This is an example of how to improve
A. financial returns. B. internal scanning. C. stakeholder management. D. perceptual acuity.
Which of the following is NOT one of the three privacy rights created by the Supreme Court through its interpretation of various constitutional amendments?
a. The government cannot interfere with the choices adults make about their private family and sexual life. b. An individual's medical history cannot be publicized by the government. c. Individuals are protected against unwarranted invasion of privacy by private corporations. d. Corporations are protected against unreasonable government searches or seizures.
In which of the following situations is the new product entering the market introduction stage of the product life cycle?
A. Porsche just introduced a new luxury sport utility vehicle to compete against sport utility vehicles made by others. B. Apple introduced a first-of-its-kind computer operating system that is so "user-friendly" it responds to spoken commands. C. Home Depot (a home improvement chain) just introduced its own dealer brand of paint. D. Colgate-Palmolive just introduced a "new and improved" chemical formula for its "Total" toothpaste. E. All of these situations show a new product entering the market introduction stage of the product life cycle.