A useful guideline in designing strategy-facilitating policies and operating procedures is
A. to prescribe enough policies and procedures that little is left to chance in performing value chain activities, and employees should have no leeway to do things in a manner that deviates from the company's best-practices standard.
B. to prescribe enough policies to give organizational members clear direction in implementing strategy and to place reasonable boundaries on their actions. This then empowers them to act within these boundaries in pursuit of company goals.
C. that strictly enforced policies work better than loosely enforced policies.
D. that more policies/procedures work better than fewer policies/procedures, and that strict enforcement always beats lax enforcement.
E. to let individuals act in an empowered and self-directed way, subject only to the constraint that their actions and behavior be ethical and in step with the corporate culture.
Answer: B
You might also like to view...
In a joint venture with Russian manufacturer AvtoVAZ, GM executives were planning to have a stripped-down reengineered car based on its Opel model. However, the market research revealed that a "Made-in-Russia" car would only be acceptable if:
A) it has a German name. B) it sported a very low sticker price. C) it has an American name. D) it has a very high sticker price. E) it has a Russian name.
Which of the following statements is true of the ethnic composition of the workforce in the United States?
A. The percentage of whites has gradually increased in the past 15 years. B. The percentage of Hispanics has increased in the past 20 years. C. The percentage of African Americans has gradually decreased in the past 15 years. D. The percentage of Asian Americans has decreased in the past 20 years.
Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for revenue in the planning budget for November would have been closest to:
A. $149,981 B. $148,500 C. $170,500 D. $172,200
The development of a plan for converting a product idea into an actual product is called
a. product design. b. design planning. c. planning horizon. d. research and development. e. operational planning.