List the conditions that contribute to the formation of a high-performance work system.
What will be an ideal response?
Certain conditions underlie the formation of a high-performance work system:
(1) Teams perform work.
(2) Employees participate in selection.
(3) Employees receive formal performance feedback and are actively involved in the performance improvement process.
(4) Ongoing training is emphasized and rewarded.
(5) Employees' rewards and compensation relate to the company's financial performance.
(6) Equipment and work processes are structured, and technology is used to encourage maximum flexibility and interaction among employees.
(7) Employees participate in planning changes in equipment, layout, and work methods.
(8) Work design allows employees to use a variety of skills.
(9) Employees understand how their jobs contribute to the finished product or service.
(10) Ethical behavior is encouraged.
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The ________ provides managers with four different fundamental marketing strategies: market penetration, market development, product development, and diversification.
A. SWOT analysis B. product-market growth matrix C. BCG growth-market share matrix D. strategic plan E. portfolio analysis
A fund manager states, "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news.". Can you think of any alternative interpretation?
Janie thinks that Kleenex is the best brand of facial tissue on the market and refuses to buy any other brand. For Janie, Kleenex has established a competitive advantage over the competing products.
Answer the following statement true (T) or false (F)
When considering the sequence of activities, what considerations should be addressed?
What will be an ideal response?