Asked by Zachary George on Jun 20, 2024
Verified
Flexibility and cycle times are two components of the performance pyramid for strategic control.
Performance Pyramid
The performance pyramid is a strategic tool used for assessing various levels of performance within an organization, from individual up to the overall corporate level.
Cycle Times
The total time from the beginning to the end of a process, indicating the speed and efficiency of production or operations.
- Gain insight into the essential elements of strategic control and the assessment of performance.
Verified Answer
CC
Corby ChaneyJun 22, 2024
Final Answer :
True
Explanation :
Flexibility and cycle times are both key components of the performance pyramid for strategic control. Flexibility refers to the ability of an organization to adapt to changing market conditions and customer needs, while cycle times refer to the speed at which products or services can be produced and delivered to customers. Both of these factors are critical for ensuring that a company can compete effectively in today's fast-paced business environment.
Learning Objectives
- Gain insight into the essential elements of strategic control and the assessment of performance.
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