BUSINESS

BUSINESS
1.Explain what is involved in building an organization capability? What steps are required? How much time does it take? How hard is it? Support your answer.

2.What are the advantages of outsourcing non-critical and sometimes even critical value chain activities?

3.Explain the differences between centralized and decentralized organizational structures. What are the pros and cons of each?

4.Discuss the strategic relevance of recruiting and retaining capable employees.

5.What is the role of budgets and resource allocation in successfully implementing and executing strategy? Why does a company’s budget need to be closely linked to the needs of good strategy execution?

6.In creating a strategy-supportive reward structure, it is important to define jobs and assignments in terms of the results to be accomplished not just in terms of the duties to be performed. True or false? Explain and justify your answer.

7.What action steps can managers take to build a total quality culture and instill a strong commitment to continuously improving how strategy is being executed?

8.Discuss why it is generally undesirable for approaches to motivation, compensation and people management to avoid the use of negative consequences or punishment if performance targets are not achieved or if particular people are habitual underperformers and why striking a balance between rewards and punishment generally works better.

9.Identify 4 actions that top executives can take to help instill a spirit of high achievement into the corporate culture and mobilize organizational energy behind the drive for good strategy execution and operating excellence.

10.The single most visible factor that distinguishes successful culture-change efforts from failed attempts is competent leadership at the top. True or false? Explain and justify your answer.

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