Question 1

Why does a company's budget need to be closely linked to the needs of good strategy execution? Why might a change in strategy call for budget reallocations?

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Question 2

Identify and describe two ways that policies and procedures aid the task of implementing and executing strategy?

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Question 3

What is the value of striving for continuous improvement in internal processes? How does TQM differ from business process reengineering?

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Question 4

Give two examples of "symbolic" culture-changing actions and two examples of "substantive" culture-changing actions.

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Question 5

Explain the difference between a centralized and a decentralized organization structure.Which one is more likely to further the cause of good strategy execution? Why?

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Question 6

What three principles underlie the statistical thinking of Six Sigma quality control programs?

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Question 7

The use of incentives and rewards is the single most powerful tool at management's disposal to win strong employee commitment to carrying out the strategic plan.True or false? Explain.

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An effectively designed reward structure is the single most powerful tool management has for mobilizing employee commitment to successful strategy execution. But incentives and rewards do more than just strengthen the resolve of company personnel to succeed-they also focus employees' attention on the accomplishment of specific strategy execution objectives. Not only do they spur the efforts of individuals to achieve those aims, but they also help to coordinate the activities of individuals throughout the organization by aligning their personal motives with the goals of the organization. In this manner, reward systems serve as an indirect type of control mechanism that conserves on the more costly control mechanism of supervisory oversight.

Question 8

What are the characteristics of unhealthy cultures?

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Question 9

Identify three actions that are key elements of leading the strategy execution process.

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Question 10

Identify and briefly discuss four steps that managers can take to change a culture that is out of step with the company's strategy.

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Question 11

Briefly identify three types of unhealthy corporate cultures.

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Question 12

What are the distinctive features of adaptive corporate cultures?

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Question 13

A decentralized organization structure is more likely to further the cause of good strategy execution than is a centralized organization structure.True or false? Justify your answer.

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Question 14

What is meant by the term "corporate culture"? Why is corporate culture an important factor in implementing and executing strategy?

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Question 15

Give at least three nonmonetary examples of motivation and rewards practices that have the capability to foster good strategy execution and explain how they act to produce such a result.

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Question 16

What is meant by empowerment of employees? How does it differ from delegation of authority? In what ways can empowerment of employees aid the cause of good strategy execution?

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Question 17

Identify at least four guidelines for creating incentive compensation systems that link employee behavior to organizational objectives.

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Question 18

What constitutes effective managerial leadership in achieving superior strategy execution?

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Question 19

Identify types of support systems that a company can install to support the execution of its strategy.

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Quiz 10: Superior Strategy Execution-Another Path to Competitive Advantage