what term refers to whether an appraisal measures all the relevant aspects of performance and omits irrelevant aspects of performance? group of answer choices acceptability interrater reliability reliability validity contamination
Answers
The term that refers to whether an appraisal measures all the relevant aspects of performance and omits irrelevant aspects of performance is Validity.
The degree to which a measure measures what it is designed to measure is referred to as its validity. Content validity is the most significant aspect of validity in performance evaluation. An appraisal instrument has content validity if it includes the majority of the key job behaviors and/or results.The degree to which anything truly reflects what it claims to be is defined as validity. A valid measure of work performance is one that examines behavior in terms of job obligations or task requirements.Performance evaluation is defined as a procedure in which managers or immediate supervisors systematically measure an employee's personality and performance in relation to predefined qualities such as skill, role mastery, technological know, attitude, punctuality, and so onThus the correct option is E.
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Related Questions
Briefly discuss three objectives of the government
Answers
Government aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor. It will reduce income of the rich and raise standard of living of the poor, thus reducing inequalities in the distribution of income. 3. Economic Stability:
diagram the hierarchy of structural levels in biology
Answers
The hierarchy of structural levels in biology can be organized as follows:
Becpootcoma, atom, molecule, organelle, cell, tissue, organ & organ system, organism , population,community ,ecosystem, biosphere
The hierarchy of structural levels in biology can be organized as follows:
1. Atoms: The smallest units of matter that form the building blocks of elements.
2. Molecules: Combinations of atoms, such as proteins, lipids, and carbohydrates.
3. Cells: The basic units of life, consisting of multiple molecules and structures.
4. Tissues: Groups of similar cells working together to perform a specific function.
5. Organs: Collections of tissues that work together for a common purpose.
6. Organ systems: Multiple organs interacting to perform a specific function, such as the circulatory or respiratory systems.
7. Organisms: Complete living beings, composed of organ systems.
8. Populations: Groups of organisms of the same species living in a specific area.
9. Communities: Multiple populations of different species coexisting and interacting in an area.
10. Ecosystems: All living and nonliving components within a specific region, including communities and their physical environment.
11. Biosphere: The global sum of all ecosystems, comprising the entire Earth and its living inhabitants.
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1. The formula for continuously compounded interest is A = Pe^rt, where A is the amount of money in the account, P is the initial investment, r is the interest rate, and t is the time in years. Using the formula, determine, to the nearest dollar, the amount in the account after 8 years if $750 is invested at an annual rate of 3%
Answers
Answer:
the amount in the account after 8 years is $954
Explanation:
The computation of the amount in the account after 8 years is shown below"
Given that
The formula for continuously compound interest is
Amount = Principal e^(rate) (time period)
= $750 × e^(0.03)(8)
= $954
Hence, the amount in the account after 8 years is $954
The same is to be considered by applying the above formula
A family of three living in georgia is thinking about filing bankruptcy. in order to file for chapter 7 bankruptcy, what must be true about their monthly income? a. the family's monthly income must be less than $5,092. b. the family's monthly income must be more than $5,092. c. the family's monthly income must be less than $4,605. d. the family's monthly income must be more than $4,605.
Answers
Answer: A. The family’s monthly income must be less than $5,092
Explanation: edge 2022
Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash.
Which checking account would be best for Irma?
Account A
Account B
Account C
Account D
Answers
Answer: the correct answer is A
Explanation:
Answer:
A
Explanation:
Player 1 and Player 2 are trying to agree on how to split a pie of size 1 in a two-stage bargaining game. If no agreement is reached after the two stages are complete, the pie is split for them according to a pre-arranged agreement that gives Player 1 and Player 2 one-quarter and three quarters of the pie, respectively. In the first stage, Player 1 makes an offer (x1, x2), where x1 + x2 = 1. Player 2 can either accept this offer (at which point the game ends and the pie is split according to Player 1's offer), or can make a counter-offer. When Player 2 makes a counter- offer, Player 1 can either accept (in which case the pie is split according to Player 2's offer) or can reject, in which case the pie is split according to the pre-arranged agreement. Both players have a discount factor d - getting dx in the first stage (after Player l's proposal) is as good as getting x in the second stage (after Player 2's proposal). a) In the last stage of the game, Player 1 will accept any offer giving him Therefore Player 2 would offer to Player 1 and get for himself. b) In the SPNE of this game, Player 1 gets and Player 2 gets
Answers
The SPNE of this game, Player 1 gets 0.25 and Player 2 gets 0.75.In the last stage of the game, Player 1 will accept any offer giving him 0.25. Therefore Player 2 would offer to Player 1 0.25 and get 0.75 for himself.(b) In the SPNE of this game, Player 1 gets 0.25 and Player 2 gets 0.75.In the first stage, Player 1 makes an offer (x1, x2), where x1 + x2 = 1.
Player 2 can either accept this offer (at which point the game ends and the pie is split according to Player 1's offer), or can make a counter-offer. When Player 2 makes a counter- offer, Player 1 can either accept (in which case the pie is split according to Player 2's offer) or can reject, in which case the pie is split according to the pre-arranged agreement. Both players have a discount factor d - getting dx in the first stage (after Player l's proposal) is as good as getting x in the second stage (after Player 2's proposal).Now let us solve part (a) first: In the last stage, Player 1 has the option to accept or reject Player 2's offer. So, the minimum that Player 1 would accept is the minimum of 0.25 that he would get if the pie is split as per the pre-arranged agreement. Thus, Player 2 needs to offer 0.25 to Player 1 so that the pie is split as per their agreement. if Player 2 offers 0.25, then Player 1 will accept it because he won't get a better payoff by rejecting. Thus, offering 0.25 is a dominant strategy for Player 2.
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A new supermarket is being built. The country has required the owner to designate at least eight handicap parking spaces. The county installed a sign in front of each space to indicate that it is reserved for vehicles with a proper sticker. The sign also announces a $250 fine for violators.
The intention behind the sign is to announce to the community at large that there will be a stiff penalty to pay for violating the rule. The belief is that drivers who risk a small fine by parking illegally elsewhere, such as against the curb, will not risk the large fine for parking illegally in the handicap spaces. This point of view is known as ____________.
Answers
Answer: General deterrence
Explanation:
Based on the information given, the point of view is known as general deterrence.
General deterrence is the effect of a threat regarding legal punishment on everyone in the society or the public at large. The aim of general deterrence is to send a message to the public and this is done by making them fearful of the consequences when they commit a particular crime. In this case, the fine of $250 is to make the public fearful of violation of the rule.
you wish to buy a $29,500 car. the dealer offers you a 4-year loan with a 10.8 percent apr. what are the monthly payments? (do not round intermediate calculations and round your final answer to 2 decimal places.) how would the payment differ if you paid interest only? (do not round intermediate calculations and round your final answer to 2 decimal places.)
Answers
The correct answer is that the monthly interest-only loan payment would be $708.50.To calculate the monthly payments for the 4-year loan, we can use the formula for the monthly payment on an amortized loan:
P = (r * A) / (1 - (1 + r)^(-n))
where:
P = monthly payment
r = monthly interest rate (10.8%/12 = 0.009)
A = loan amount ($29,500)
n = number of payments (4 years * 12 months/year = 48)
Plugging in these values, we get:
P = (0.009 * 29500) / (1 - (1 + 0.009)^(-48)) = $739.01
Therefore, the monthly payment for the loan payment would be $739.01.
If you were to pay interest only, the monthly payment would be:
P = (r * A) / 12
Plugging in the values, we get:
P = (0.108 * 29500) / 12 = $708.50
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You manufacture 50 skis a day that are all sold to a retail store. Your capacity to produce skis is 60 skis per day. You produce skis seven days a week. You have received an additional order to supply a second retail store with 320 skis one month from today. Based on your current responsibility to the first retail store, can you satisfy this second sales order knowing the capacity of your manufacturing business?
Answers
Answer:
No. You need 32 days to meet the additional order, which is slightly more than a month (30 days).
Explanation:
With current manufacture at 50 skis/day,
and total capacity at 60 skis/day,
Excess capacity = 60 - 50 = 10 skis/day
This means in a month of 30 days (since you manufacture 7 days a week, all round), excess capacity can produce a total of 10 * 30 = 300 skis.
Therefore, you will not be able to meet the additional order to supply a second retail store with 320 skis in one month from today.
The number of days required to meet the order of 320 skis = \(\frac{320}{10(excess capacity)}\) = 32 days.
inventory records for eliza company revealed the following: date transaction number of units unit cost march 1 beginning inventory 930 $ 7.25 march 10 purchase 580 7.66 march 16 purchase 780 8.09 march 23 purchase 590 8.49 eliza sold 1,900 units of inventory during the month. cost of goods sold assuming fifo would be:
Answers
The cost of goods sold assuming FIFO (First In First Out) for Eliza Company would be $14,935.20.
The cost of goods sold is the amount of expenses and expenses that are allowed, either directly or indirectly, to produce goods or services in the conditions and places where the goods can be sold or used.
This can be calculated by adding the cost of the beginning inventory (930 x $7.25) to the cost of the purchases (580 x $7.66 + 780 x $8.09 + 590 x $8.49) and subtracting it from the total units sold (1,900 units). Calculation:
(930 x $7.25) + (580 x $7.66) + (780 x $8.09) + (590 x $8.49) - (1,900 units) = $14,935.20.
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Sam has been working in the same position without any promotion or salary increase for 2 years. He currently makes $45,000 per year, but he thinks that someone with his experience should make $50,000. During his annual appraisal, he approaches the topic with his boss. Sam asks for a $10,000 a year raise. His boss says that the current budget cannot support such an increase. Sam then asks for a $5,000 a year raise, and his boss agrees. Which technique did Sam use to attain compliance from his boss
Answers
Answer:
The door in the face technique
Explanation:
With the information provided, the answer is that Sam used the door in the face technique because this is a method in which a person tries to convince another one of something by making a big demand that is unreasonable and that will be denied, so the person will accept another request that is reasonable and this is what Sam did as he requested a $10,000 a year raise that was denied and then, asked for a $5,000 a year raise that his boss accepted.
The (blank)
is responsible for scheduling work throughout the factory.
factory manager
production planner
first-line supervisor
industrial engineer
Answers
Schedules, people calling out sick, vacation schedules, HR, help with hiring people, and a lot more.
Production planner’s job is to plan production specifically, not deal with a people’s work schedule.
First-line supervisor is on the floor, “front line”, dealing with daily issues involving the work itself (done by the workers... supervisor supervises).
The industrial engineer is the person who designs the project that the factory is working on (nothing to do with scheduling).
Answer:
Factory manager
Explanation:
i took the test
Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing building. It is a desk.
Answers
Answer:
A
Explanation:
What type of degree can you earn from a community college?
A. A Ph.D.
B. A master's degree
C. A bachelor's degree
D. An associate's degree
Answers
Answer:
associate's degree
Explanation:
most community colleges offer an associate's ddgree
Answer:
D
Hope I helped
Deimos Corporation has 500,000 shares of $2 par-value common stock issued and outstanding when the market price per share is $22 per share. By what amount will total equity increase when the company declares a 2:1 stock split
Answers
Answer:
Total equity will remain the same
Explanation:
A stock split is simply increasing the number of shares and at the same time reducing the par value per share.
A stock split of 2:1 means that the number of shares would double while par value reduces by half.Specifically,the number of shares would increase from 500,000 to 1,000,000 while the par value reduces from $2 per share 1/2*$2 i.e $1 each.
All in all,the there is no increase in total equity overall.
the annual county real property taxes are $2,520. the settlement date is may 23. these taxes have not been paid. what is the accounting debit/credit for this closing
Answers
Debit: Real Property Taxes Expense for $2,520
Credit: Real Property Taxes Payable for $2,520.
Assuming that the closing being referred to is a real estate closing, the accounting debit/credit for the unpaid property taxes will depend on the agreement between the buyer and seller. Typically, the seller is responsible for paying any unpaid property taxes up to the closing date, and the buyer is responsible for paying any property taxes from the closing date forward.
If the seller has not yet paid the property taxes for the current year, the debit entry would be made to the seller's account for the amount of the unpaid taxes, and the credit entry would be made to the property tax expense account. If the buyer is responsible for paying the property taxes from the closing date forward, the debit entry would be made to the property tax expense account, and the credit entry would be made to the buyer's account.
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What are the two main body cavities?
O coronal and sagittal cavities
O superior and inferior cavities
O dorsal and ventral cavities
O anterior and posterior cavities
Answers
List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
In two to three sentences, answer the following:
What information you can obtain from a stock quote?
Answers
Answer:
The information that we can get from stock quote is about bidding price, details of previous bidding, etc.
Explanation:
A stock quote can be defined as the last price of stock of exchange. It is the price on which the traders and the buyers consented in their last trade or exchange.
The details that a stock quote provides is the price of last bid, volume of trade, bid price, volume of trade. The buyers and traders can access this information either on their phones, newspapers, news media, online portals etc. The stock quote is shown in decimals.
The budget at completion of this project was estimated at US$20,000, and the original estimated time to complete was thirteen months. Use the information from the previous question to compute the estimated cost at completion and the projected time to complete. Is the project on budget and schedule?
Answers
The project is slightly over budget, and the projected time to complete is significantly longer than the original estimate. Hence, the project is behind schedule
If the CPI is greater than 1, it indicates that the project is performing well in terms of cost.
Let's assume that the project is currently 6 months into its duration, and the (EV) earned value during this period is US$8,000. The actual cost (AC) incurred so far is US$9,000.
CPI = EV / AC = 8,000 / 9,000 = 0.89
The CPI is less than 1, indicating that the project is slightly over budget. To calculate the estimated cost at completion, we divide the budget at completion (BAC) by the CPI:
Estimated cost at completion (EAC) = BAC / CPI = 20,000 / 0.89 = US$22,471.91
To compute the projected time to complete, we can use the schedule performance index (SPI). If the SPI is greater than 1, it suggests that the project is ahead of schedule.
Let's assume that the project is only 50% complete in terms of work performed. The earned value (EV) earned is US$8,000, and the planned value (PV) at this point should be half of the original estimated time to complete, which is 13/2 = 6.5 months.
SPI = EV / PV = 8,000 / 6,500 = 1.23
The SPI is greater than 1, indicating that the project is slightly ahead of schedule. However, to determine the projected time to complete, we can use the SPI to calculate the estimate to complete (ETC) as follows:
ETC = (BAC - EV) / SPI = (20,000 - 8,000) / 1.23 = US$9,349.59
Projected time to complete = original estimated time to complete + ETC = 13 + 9.34959 ≈ 22.35 months.
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How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answers
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
If an insurer is incorporated in Rhode Island, but primarily does business in New York, what type of insurer is this considered in New York
Answers
If an insurer is incorporated in Rhode Island, but primarily does business in New York. This is called foreign insurer.
Who is an insurer?An insurer can be defined as a person who insured a person or a person who provide insurance coverage.
An Insurer has their business situated or established in the United States of America but carried out is business activities in another country like New york this will be tend to be called foreign insurer in New york because the business is not domiciled in New york but United state of america.
Inconclusion this is called foreign insurer.
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A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. True or False. This provides a fair estimate of the strength of the association between alcohol consumption and skin cancer. True False
Answers
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. False
In this case, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63. But it is not completely appropriate to conclude that this correlation provides a fair estimate of the strength of the association between alcohol consumption and skin cancer because the correlation coefficient only provides information on the strength and direction of the association between the two variables. It does not indicate the causation of the relationship.
Therefore, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. Hence, we can say that the correlation coefficient provides a fair estimate of the strength of the association between alcohol consumption and skin cancer is False. Therefore, the correct answer is False.
In a nutshell, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. So, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63, which does not provide a fair estimate of the strength of the association between alcohol consumption and skin cancer.
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This is for the Globalization Trend Quick Check. (Economics B, Lighthouse Connections)
1) Which of the following correctly describes globalization?(1 point)
A) Globalization is the increase in income inequality within developed countries.
B) Globalization is the process of decreasing per-unit costs with increasing production.
C) Globalization is the process of integration among individuals, businesses, and governments.
D) Globalization is the increase in the value of knowledge and information within an economy.
2) Which of the following is an example of economies of scale?(1 point)
A) A business increases its production of widgets, and the cost of producing each widget decreases.
B) A business increases its production of widgets, and the total cost of production decreases.
C) A business decreases its production of widgets, and the total cost of production decreases.
D) A business decreases its production of widgets, and the cost of producing each widget decreases.
3) Which of the following explains why many small businesses struggle to compete with larger firms?(1 point)
A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.
B) Small businesses are unable to specialize to the degree that larger firms are able to.
C) Small businesses are unable to provide the kinds of products that consumers want.
D) Small businesses are unable to sell their goods at the higher prices set by larger firms.
4) Which of the following is true of a market economy?(1 point)
A) There are no forms of government control or intervention.
B) It inhibits the influence of free trade and exchange on the free market.
C) There are no countries in the world currently transitioning to a market economy.
D) It opens the country's markets to international importing and exporting.
5) Which of the following is true of the economic transition process from a command economy to a market economy?(1 point)
A) The nation changes its fundamental economic organization and begins to minimize the amount of entirely new free market institutions.
B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.
C) Individuals and institutions rely more and more on the instruction of and distribution by other people and organizations.
D) The country's markets become less open to international importing and exporting.
Answers
Based on the trends of globalization, the following are true:
C) Globalization is the process of integration among individuals, businesses, and governments.A) A business increases its production of widgets, and the cost of producing each widget decreases.A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.A) There are no forms of government control or intervention.B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.What does globalization mean?Globalization refers to the tendency of the world to become increasingly integrated across borders.
This means that individuals, businesses and governments, begin to work together more often in order to increase production and market reach.
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4.
If a person is self-employed and earns $70,000
annually, the person
A. does not have to pay federal income tax
because his salary is too low.
b. must pay estimated income taxes every
quarter.
C. is only responsible for paying FICA tax to
cover Social Security.
d. will not have to pay any local or state
taxes.
Answers
Answer:
B
Explanation:
That's the only one that is fair
the manager at creative minds inc. is distressed that employee absenteeism increased by 16% in the past year. how would you recommend the manager respond to this inside force?
Answers
I will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
Today, the artificial intelligence is a modern technology which performs the function of employees more efficiently and effectively.
The artificial intelligence such as software package that perform a work process automatically does not makes mistakes and does not appear absent as place of work.
Therefore, i will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
The option includes "a. Evaluate the HR practices to ensure they are generating the behaviors needed to accomplish strategic goals. b. Identify the frequently absent employees, and replace them with artificial intelligence c. Remind employees about how Creative Minds is genuinely connected to supporting youth art programs. d. Demonstrate how the firm is committed to simultaneously tackling global social issues and maximizing shareholder wealth."
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Answer:
Identify the frequently absent employees, and replace them with artificial intelligence.
Explanation:
In addition to operations, which of the following is considered a "line" function? A. accounting. B. finance. C. IT. D. procurement E. sales.
Answers
The correct answer is E. sales. therefore the correct option is (E).
A sale is a transaction that involves exchanging products or services for a certain sum of money. To put it another way, a sale is any action that includes giving the buyer possession of a thing or commodity in return for payment. In general commercial operations, sales refer to any transactions where money or value is transferred for the ownership of an item or right to a service. Sales, in the context of accounting, refers to the income generated by a corporation via the selling of goods or services (net sales).
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Which of the following is not a way to finance your new business.
A. loans from family/friends
B.your own money
C.loan from a bank
D.sweat equity
Answers
Answer:
sweat equity
Explanation:
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Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-2,000 units, and monthly production costs for the production of 1,600 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses.
Production Costs Total Cost
Direct materials $2,700
Direct labor 6,700
Utilities ($130 fixed) 570
Supervisor's salary. 3,400
Maintenance ($260 fixed). 490
Depreciation 850
E5-4 (Algo) Determining Cost Behavior and Calculating Expected [LO 5-1]
Required: 1. Identify each cost as variable, fixed, or mixed, and express each cost as a rate per month or per unit (or combination thereof). 2. Determine the total fixed cost per month and the variable cost per unit for Morning Dove. 3. State Morning Dove's linear cost equation for a production level of 0-2,000 units. Enter answer as an equation in the form of y= a + bx.
Answers
Variable costs: Direct materials, Direct labor
Fixed costs: Utilities (mixed), Supervisor's salary, Maintenance (mixed), Depreciation
Total fixed cost per month: $4,570
Variable cost per unit: $6.19
Morning Dove's linear cost equation: y = $4,570 + $6.19x
Variable costs are costs that vary in direct proportion to the level of production. In this case, the variable costs for Morning Dove are direct materials and direct labor. These costs increase as more units are produced.
Fixed costs, on the other hand, remain constant within the relevant range of production. The fixed costs for Morning Dove are the supervisor's salary and depreciation.
The utilities and maintenance costs are mixed costs, which means they contain both fixed and variable components. In this scenario, the utilities cost has a fixed component of $130 and a variable component that varies with the level of production. The maintenance cost has a fixed component of $260 and a variable component that also varies with production.
To determine the total fixed cost per month, we add up the fixed components of the mixed costs: $130 for utilities and $260 for maintenance. This gives us a total fixed cost of $390.
The variable cost per unit is calculated by dividing the total variable cost by the number of units produced. In this case, the variable costs consist of direct materials and direct labor, which amount to $9,400. Therefore, the variable cost per unit is $9,400/1,600 = $5.875. Rounded to two decimal places, it is $6.19.
The linear cost equation represents Morning Dove's total cost as a function of the number of units produced. The fixed costs per month are $4,570, which represents the y-intercept of the equation. The variable cost per unit is $6.19, denoted by 'b' in the equation. 'x' represents the number of units produced. Therefore, the linear cost equation for Morning Dove is y = $4,570 + $6.19x.
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List the eight components of the strategy execution process and one that you consider to be the most important. Explain why it is important? Research real world examples to support position. Must be at least 300 words.
Answers
Aligning organizational resources with strategy is essential for successful strategy execution. Companies that do so are more likely to achieve their goals and remain competitive. All eight components of the strategy execution process are crucial.
The eight components of the strategy execution process are as follows:
1. Establishing a clear and compelling strategy: Creating a strategic plan with clear goals and objectives that is easily understood by all stakeholders.
2. Defining and aligning performance measures: Identifying key performance indicators and aligning them with the overall strategy to monitor progress towards the desired outcomes.
3. Establishing a process for monitoring progress: Developing a process for tracking and reporting performance measures to identify areas where corrective action may be necessary.
4. Aligning organizational resources: Ensuring that organizational resources, including people, processes, and systems, are aligned with the strategic plan.
5. Establishing a process for change management: Developing a process for managing change, including communication, training, and support.
6. Aligning culture with the strategy: Ensuring that the organizational culture is aligned with the strategy to support its implementation.
7. Establishing a process for continuous improvement: Developing a process for continuous improvement to ensure that the strategy remains relevant and effective.
8. Establishing a process for risk management: Developing a process for identifying and mitigating risks that may impact the successful implementation of the strategy.
Of the eight components, I believe that aligning organizational resources is the most important. This is because having the right resources in place is essential for successfully executing a strategy.
Organizational resources include people, processes, and systems, and they all need to be aligned with the strategy to ensure that they are all working towards the same goals.
A real-world example of the importance of aligning organizational resources can be seen in the success of Apple Inc. in implementing its strategy. Apple has a reputation for being a well-oiled machine that executes its strategies flawlessly.
This is largely due to the fact that Apple aligns all of its organizational resources with its strategy. The company has a strong culture of innovation and design, which is reflected in its products and is supported by its organizational structure and processes.
Apple's focus on innovation is also reflected in its hiring practices, as the company seeks out the best and brightest talent to support its strategy.
In contrast, a company that fails to align its resources with its strategy is likely to struggle with execution. For example, Sears Holdings Corporation struggled to compete in the retail industry due to a lack of alignment between its resources and its strategy.
Sears' business model was based on selling products through its physical stores, while other retailers were expanding into e-commerce. Sears failed to make the necessary investments in technology and supply chain management to compete in the online space, which ultimately led to its decline.
In conclusion, while all eight components of the strategy execution process are important, aligning organizational resources is critical to the success of strategy execution.
Companies that align their resources with their strategy are more likely to be successful in achieving their goals and remaining competitive in their industry.
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