The First Step in Strategy Implementation Involves Articulating in Simple

question 9

Multiple Choice

The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves

• A) assessing organizational capabilities.
• B) developing an implementation agenda.
• C) defining strategic tasks.
• D) creating an implementation plan.
• E) developing a mission statement.

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Definitions:

Transferee

A person or entity to whom rights or property is legally transferred.

Transferor

An individual or entity that transfers rights or property to another, typically as part of a sale or agreement.

Negotiable Instrument

A paper that promises to pay a certain sum of money, which can be demanded at any time or paid at an agreed moment, and identifies the individual responsible for the payment.

Presentment

The act of making a demand for the drawee to pay.