Select the choice which best completes the statement, or answers the question, by clicking on the corresponding letter.
By what means should an organization measure its performance?
Efficiency
Effectiveness
Economy, efficiency, and effectiveness
Efficiency and effectiveness
Economy
Which of these statements best describes all the benefits a company can derive, from analyzing its financial performance?
It can make comparisons with competitors, reveal lost profit and growth potential, emphasize possible dangers, and enable a study of trends and progress
It can make comparisons with competitors, reveal lost profit and growth potential and isolate neglected market sectors
It can reveal lost profit and growth potential, emphasize possible dangers, and isolate neglected market segments
It can make comparisons with competitors, reveal lost profit and growth potential, and reveal possible trends in the development of the company's share price
Kets de Vries (1996) suggested that strategic leaders have two key roles to play. Which two roles are they?
Transformational and Effective
Charismatic and Effective
Transformational and Charismatic
Architectural and Effective
Charismatic and Architectural
An organization can be considered successful, if it does which of the following?
Generates improved levels of sales each year
Meets the needs and expectations of its shareholders
Concentrates on quantifiable objectives
Concentrates on qualifiable objectives
None of these
According to Caulkin (1995), the average life expectancy of successful UK companies is?
5 – 10 years
40- 50 years
20- 30 years
1 – 2 years
Indeterminate
Which of the following applies, in terms of company admiration?
Fortunes can change very quickly
Short term changes of fortune
Polls on the themes of admiration are, themselves, not always consistent.
The charismatic reputation of the leader
All of them apply
The objectives, of a not-for-profit organization, are often stated in terms of which of the following?
The number of people
Its reputation in the local community
Sales income obtained
Resource efficiency
None of them apply
The holistic approach to corporate success depends on which of the following?
Focusing on one key success factor at a time
Focusing on a limited number of specific, critical performance measures