PLEASE ANSWER ALL THREE QUESTIONS!

State-of-the-art operating systems and real-time data o make it simple and easy to spot cost overruns and inefficiencies. o help speed the identification and adoption of best practices. o are essential because business process reengineering efforts, TQM, Six Sigma, and benchmarking programs can't be carried out effectively without them. o are integral to competent strategy execution and operating excellence; they can also be a basis for competitive advantage if they provide a firm with capabilities that rivals can't match. o provide valuable data for benchmarking costs and helping remodel a company's value chain. Well-conceived policies and operating procedures can aid good strategy execution by O speeding the adoption and use of best practices and benchmarking. o providing top-down guidance regarding how certain things need to be done and helping enforce consistency in how execution-critical activities are performed in geographically scattered organization units. o allowing no leeway for company personnel to do things in ways that deviate from the company's best practices standard. o facilitating tight top management control over how daily operations are conducted and reducing the need for employee empowerment. o providing company personnel with the detailed instructions they need to do their jobs in the most accurate and cost-efficient manner. A "best practice" refers to a procedure for performing a particular, task, function, activity, or business process in a manner that exceeds established industry standards. O a means of performing an activity or business process that yields results consistently superior to other approaches. a procedure for performing a particular, task, function, activity, or business process with at least Six Sigma accuracy. O a procedure for performing an activity in a manner that results in 20 or fewer errors or defects per million iterations. a policy or procedure that is unusually effective