Recruiting and retaining capable employees is usually much more important to good strategy execution and the achievement of true operating excellence than is assembling a capable top management team.
Ramakrishna | 460 days ago
29.Recruiting and retaining capable employees is: A. usually much more important to good strategy execution than is assembling a capable top-management team.B. important because the quality of an organization's people is always an essential ingredient of successful strategy execution.C. more important during periods of rapid growth than during periods of crisis and attempted turnarounds.D. an important organization-building element, particularly when it comes to transforming a competence into a core competence or distinctive competence.E. easily the most critical aspect in building competitively valuable core competencies and capabilities.The quality of an organization's people is always an essential ingredient of successful strategy execution—knowledgeable, engaged employees are a company's best source of creative ideas for the nuts-and-bolts operating improvements that lead to operating excellence.AACSB: Analytical ThinkingAccessibility: Keyboard NavigationBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 10-02 Why hiring, training, and retaining the right people constitute a key component of the strategy execution process.Topic: The Link Between Strategy and Staffing Decisions30.Which of the following statements about recruiting and retaining capable employees is FALSE? A. The quality of an organization's people is always an essential ingredient if critical value chain activities are to be performed competently.B. Recruiting and retaining capable employees is a particularly important organization-building task in enterprises where superior intellectual capital is a key resource and also a basis for competitive advantage.C. Recruiting and retaining capable employees are usually much more important to good strategy execution and the achievement of true operating excellence than is assembling a capable top management team.D. It is very difficult for a company to competently execute its strategy and achieve operating excellence without a large band of capable employees who are actively engaged in the process of making ongoing operating improvements.E. In many industries, adding to a company's talent base and building intellectual capital is more important to good strategy execution than additional investments in plants, equipment, and capital projects.In many industries, adding to a company's talent base and building intellectual capital are more important to goodstrategy execution than are additional investments in capital projects. The best companies make a point of