Business Development Chapter 10 Communicate Guidelines Decisions

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subject Pages 9
subject Words 1109
subject Authors John Pearce, Richard Robinson

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Chapter 10 - Implementation
50. (p. 296) _______ communicate guidelines to decisions.
51. (p. 296) Policies are also sometimes called
52. (p. 296) Policies establish __________ over _________ by clearly stating how things are to
be done _________.
53. (p. 296) Policies establish __________ over independent action.
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54. (p. 297) Policies ________ basic aspects of organization behavior.
55. (p. 297) Policies ensure ______ action.
56. (p. 297) Policies counteract resistance to or rejection of chosen _______.
57. (p. 297) Policies reduce _______ in day to day decision making.
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58. (p. 298) Policies may be ________ or _________.
59. (p. 298) Policies offer predetermined answers to _____ problems.
60. (p. 298) Which of the following is NOT a benefit of formal, written policies?
61. (p. 298) The strategic ________ of policies can vary.
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62. (p. 298) Policies can be ________. One good example of this is the use of equal employment
opportunity practices.
63. (p. 298) The ______ significance of policies can vary.
64. (p. 299) ________ theoretically reward(s) the actions of people within an organization.
65. (p. 299) Policies can be externally imposed or ______
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66. (p. 299) The goal of an executive bonus compensation plan is to:
67. (p. 299) The goal of ______ is not the only goal that executives may pursue.
68. (p. 299) The success of bonus compensation as an incentive hinges on:
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69. (p. 299) A common measure of shareholder wealth creation is appreciation of company
70. (p. 299) ______ provide the executive with the right to purchase company stock at a fixed
price in the future.
71. (p. 299) A common measure of _______ creation is appreciation of company stock price
72. (p. 299) Stock options have typically represented _______ of a CEO's average pay package.
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73. (p. 299) ______ dilute shareholders’ equity when they are exercized
74. (p. 300) The rationale behind golden handcuffs is that the plan:
75. (p. 300) There is a weak correlation between earnings measures and shareholder wealth
creation with the use of a:
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76. (p. 300) Golden handcuffs:
77. (p. 300) ________ provide incentive for the executive to create wealth for shareholders as
measured by increases in the firm's share price.
78. (p. 300) __________ are much easier to value than options because they are equivalent to a
stock transfer at the market price.
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79. (p. 300) ________ offers employees more certainty, even if there is less potential for a big
win.
80. (p. 300) A ________ is designed to provide benefits of direct executive stock ownership.
81. (p. 300) Restricted stock plans offer:
82. (p.300) __________ represent a form of executive compensation where compensation is
deferred.
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83. (p. 300) If the executive quits is fired or simply retires, he would be best protected by a
_________, which is designed to retain talented executives.
84. (p. 305) _______ are executive bonus compensation plans that focus on accounting measures
of performance and are designed to offset the limitations of market-based measures of
performance.
85. (p. 305) A firm with a strategic goal of growing the share price incrementally should
implement a:
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86. (p. 306) A firm with a strategic goal of reducing executive turnover would use _________ to
provide an incentive for longer executive tenure.
87. (p. 306) A firm seeking to globalize operations would use ________ as its bonus
compensation plan.
88. (p. 306) A firm with a strategic goal of streamlining operations should use ________ to
reward the long-term focus on efficiency and cost control.
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Chapter 10 - Implementation
Essay Questions
89. How do short-term objectives help implement strategy?
Learning Objective: 1
90. What are three important qualities of effective short-term objectives? Briefly describe
each of these in your answer.
Learning Objective: 2
91. What are functional tactics? Briefly describe them and provide one example of their use.
Learning Objective: 3
92. In what three fundamental ways do functional tactics differ from business or corporate
strategies? Briefly describe each.
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93. What is outsourcing? What are the benefits and risks of outsourcing?
Learning Objective: 4
94. What does it mean to empower employees? How are policies related to the idea of
empowerment?
Learning Objective: 5
95. How can policies control decisions while defining allowable discretion in which operating
personnel can execute business strategies? Describe several ways.
Learning Objective: 5
96. What are stock options? How do they motivate executives and key employees to achieve
maximization of shareholder wealth?
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97. What are restricted stock options? How do they motivate executives and key employees
to achieve maximization of shareholder wealth?
Learning Objective: 7
98. What are golden handcuffs? How do they motivate executives and key employees to
achieve maximization of shareholder wealth?
Learning Objective: 7
99. What are golden parachutes? How do they motivate executives and key employees to
achieve maximization of shareholder wealth?
Learning Objective: 7
100. Briefly match the appropriate type of bonus compensation to the strategic goal being
pursued. What is the rationale behind these match-ups?

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