Future Business Leaders of America (FBLA) Business Management Practice Test

What factors could hinder the implementation of a new strategy within a company?

1. Old company policies

2. Training costs for new job tasks

3. Both

4. Neither

The correct answer is: Both

When implementing a new strategy within a company, there are a variety of factors that can significantly hinder this process, and both old company policies and training costs for new job tasks are critical considerations. Old company policies can act as a significant barrier because they often dictate the established way of doing things within an organization. These policies may not be aligned with the goals of the new strategy, creating resistance from employees who are accustomed to the previous methods. If the existing policies are too rigid or bureaucratic, they can prevent the necessary flexibility and innovation required to adopt the new strategy effectively, leading to delays or outright failure in its implementation. Training costs for new job tasks are also a considerable hurdle. When a new strategy is introduced, it typically requires employees to learn new skills or adapt to new processes. This training can be expensive, both in terms of direct costs and the time required for employees to complete their training. If a company is not prepared to invest in training or if employees are overwhelmed by the transition, it can create frustration and reduce morale. This lack of support and resource allocation can hinder the overall implementation process, leading to inadequate adoption of the new strategy. By recognizing that both outdated policies and training costs play a critical role in the implementation of a new strategy