10/11/2024 1:41 PM
HRM Study Set Exam Questions 100%
Solved
True or false: There is a definitive managerial recipe for successful strategy execution that cuts
across all company situations and strategies and works for all managers. - answer✔False
Which statements are true about building an organization for good strategy execution? -
answer✔-It can break down if the organization structure is not well suited to the strategy.
-It may require additional resources when the strategy being implemented is new.
-It needs to ensure that the firm's core competencies are suited to the strategy.
The people who are chosen for a strong management team should be which of the following? -
answer✔-Experienced in delivering results
-Clear thinkers
What are the three key actions in building an organization capable of good strategy execution? -
answer✔-Staffing the organization
-Developing the resources and capabilities required for good strategy execution
-Matching organizational structure to the strategy
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10/11/2024 1:41 PM
What are some regularly used methods of capability building? - answer✔-Developing
capabilities within a company
-Establishing partnerships with other companies
-Merging with other companies
Managers can accelerate the process of capability building by ______. - answer✔developing
"stretch objectives"
What is involved in the first step to developing an organizational ability? - answer✔-Shaping the
work of individuals into a collaborative effort
-Identifying the right people to lead the process
What does developing an organizational capability into a tried-and-true competence require? -
answer✔-Maintaining appropriate levels of resource investment
-Mastering the ability through repetition and sustained time on task
Firms can become proficient at developing capabilities through ______. - answer✔regular
practice
When can be preferable to obtain new capabilities through a merger or an acquisition? -
answer✔-When market conditions are evolving quickly and the company needs fast capability
development to keep pace