Questions: Which practices has research shown to really matter in the pursuit of business excellence? (Select all that apply) - allocate unlimited resources achieve goals - develop and maintain a performance-oriented culture - devise a clear, focused strategy - build and maintain a flexible, flat organization

Which practices has research shown to really matter in the pursuit of business excellence? (Select all that apply)
- allocate unlimited resources achieve goals
- develop and maintain a performance-oriented culture
- devise a clear, focused strategy
- build and maintain a flexible, flat organization
Transcript text: Which practices has research shown to really matter in the pursuit of business excellence? (Select all that apply) - allocate unlimited resources achieve goals - develop and maintain a performance-oriented culture - devise a clear, focused strategy - build and maintain a flexible, flat organization
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Solution

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Answer

The answers are:

  • Develop and maintain a performance-oriented culture
  • Devise a clear, focused strategy
Explanation
Option 1: Allocate unlimited resources to achieve goals

While having sufficient resources is important, the idea of allocating unlimited resources is not practical or sustainable in most business environments. Effective resource management is crucial, but it does not necessarily equate to business excellence.

Option 2: Develop and maintain a performance-oriented culture

Research has shown that a performance-oriented culture, where employees are motivated to achieve high standards and are rewarded for their performance, is critical for business success. This culture fosters innovation, accountability, and continuous improvement.

Option 3: Devise a clear, focused strategy

A clear and focused strategy is essential for guiding a business towards its goals. It helps in aligning resources, making informed decisions, and maintaining a competitive edge in the market.

Option 4: Build and maintain a flexible, flat organization

While flexibility and a flat organizational structure can be beneficial, they are not universally applicable to all businesses. The effectiveness of this practice depends on the specific context and industry. However, it is not as universally recognized as a determinant of business excellence as the other two options.

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