Remaining Time: 1 hour, 04 minutes, 51 seconds. Question Completion Status: QUES
ID: 2405880 • Letter: R
Question
Remaining Time: 1 hour, 04 minutes, 51 seconds. Question Completion Status: QUESTION 3 Ensuring abproprate checks and balances over empowered employees s part of which componen O a. Adopting Total Quality Management (TQM 0 b. Instituting adequate information and operating systems O c Marshalling sufficient money and people O d Adopting best practices and programs for continuous improvement O e. Tying rewards and incentives to strategic targets QUESTION 4 With an unrelated diversification strategy, the types of companies that make particularly attractive acquisition targets are O a struggling companies with good turnaround potential, undervalued companies that can be acquired at a bargain price, and companies that have bright growth prospects but are short on investment capital. b. companies offering the biggest potential to reduce labor costs c. cash cow businesses with excellent financial fit d companies that are market leaders in their respective industries oe companies that are employing the same basic type of competive strategy as the parent corporation' existing businesses Save and Submic to save and submit Click Save All Ansvers to ecve dl nsuversExplanation / Answer
1).Answer : E
Ensuring appropriate checks and balance on empowered employees is a part of Tying Rewards and Incentives to Strategy Execution for Managing Internal Operations.
Details as follows:
1. It is important for both organization subunits and individuals to be enthusiastically committed to executing strategy and achieving performance targets.
2. To get employees' sustained, energetic commitment, management has to be resourceful in designing and using motivational incentives—both monetary and nonmonetary.
3. A properly designed reward structure is management's most powerful tool for mobilizing organizational commitment to successful strategy execution.
CORE CONCEPT
Financial rewards provide high powered incentives when rewards are tied to specific outcome objectives.
A. Incentives and Motivational Practices that Facilitate Good Strategy Execution:
1. Financial incentives generally lead the list of motivating tools for trying to gain wholehearted employee commitment to good strategy execution and operating excellence.
2. In addition, companies use a host of other motivational approaches to spur stronger employee commitment to the strategy execution process. Some of the most important include:
a. Providing attractive perks and fringe benefits
b. Give awards and other forms of public recognition to high performers, and celebrate the achievement of organizational goals.
c. Relying on promotion from within whenever possible
d. Making sure that the ideas and suggestions of employees are valued and respected
e. Invite and act on ideas and suggestions from employees.
f. Create a work atmosphere where there is genuine caring, and mutual respect among workers and between management and employees
g. State the strategic vision in inspirational terms that make employees feel they are a part of doing something worthwhile in a larger social sense
h. Share information with employees about financial performance, strategy, operational measures, market conditions, and competitors' actions
i. Maintain attractive office space and facilities.
2). Answer :A
The basic premise of unrelated diversification is that any company that can be acquired on good financial terms and that has satisfactory growth and earnings potential represents a good acquisition and a good business opportunity.