Management Notes

Management Notes

Reference Notes for Management
A useful guideline in designing strategy-facilitating policies and operating procedures is

A useful guideline in designing strategy-facilitating policies and operating procedures is

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A useful guideline in designing strategy-facilitating policies and operating procedures is

A. to prescribe enough policies to give organizational members clear direction in implementing strategy and to place desirable boundaries on their actions, then empower them to act within these boundaries however they think makes sense.
B. that strictly-enforced policies work better than loosely-enforced policies.
C. that more policies/procedures work better than few policies/procedures and that strict enforcement always beats lax enforcement.
D. to let individuals act in an empowered and self-directed way, subject only to the constraint that their actions and behavior be ethical and in step with the corporate culture.
E. to prescribe enough policies and procedures that little is left to chance in performing value chain activities employees should have no leeway to do things in a manner that deviates from the company’s best practices standard.

The Correct Answer Is:

  • A. to prescribe enough policies to give organizational members clear direction in implementing strategy and to place desirable boundaries on their actions, then empower them to act within these boundaries however they think makes sense.

Answer Explanation:

A useful guideline in designing strategy-facilitating policies and operating procedures is to prescribe enough policies to give organizational members clear direction in implementing strategy and to place desirable boundaries on their actions, then empower them to act within these boundaries however they think makes sense.

In addition to allowing for flexibility and creativity, this approach ensures alignment with overall organizational goals. Additionally, the organization’s members will feel autonomous and in control of their actions, promoting ownership and buy-in. Additionally, it allows for quick adaptation and adjustments to changes in the external environment or shifts in strategy. The key to designing effective strategy-facilitating policies and procedures is to strike the right balance between clear direction and empowerment.

Communicating clearly and reviewing regularly is another important aspect of designing strategy-facilitating policies and procedures. The purpose and intent of policies and procedures in place, as well as how they contribute to the overall strategy, must be understood by organizational members. Regular training and education sessions, as well as clear and concise documentation, can help achieve this.

For policies and procedures to remain relevant and effective, they should be reviewed and updated regularly. The organization can accomplish this by soliciting feedback from its members, monitoring performance metrics, and staying informed of changes in the external environment.

In addition to aligning policies and procedures with the company’s culture and values, organizations can design strategies-facilitating policies and procedures. Employee acceptance and support will be higher if the policies and procedures are consistent with the company’s culture and values. Therefore, organizations should consider how policies and procedures align with the company’s culture and values when creating them.

As a result, it is important to strike a balance between clear direction and empowerment, clear communication and regular review, and alignment with the culture and values of the company when designing strategy-facilitating policies and procedures. Organizing policies and procedures according to these guidelines will help organizations implement their strategies and contribute to organizational success.

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