The First Step of Strategy Implementation Is

question 43

Multiple Choice

The first step of strategy implementation is

• A)drafting detailed action plans that specify how the strategy is to be implemented.
• B)allocating responsibility for implementation to the appropriate individuals or groups.
• C)allocating appropriate resources to the responsible individuals or groups.
• D)revisiting the strategy selection process to confirm the decision.
• E)establishing a timetable for implementation with precise, measurable goals.

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Definitions:

Systematic Mis-estimates

Biased or erroneous assessments that occur in a predictable pattern due to cognitive or procedural errors.

Equity

The concept of fairness and justice within the context of finance, employment, and law, often referring to balancing interests and ensuring fair treatment.

Unethical Behaviour

Actions that deviate from accepted moral norms, often harming others or the organization.

Piece-Rate

A pay system in which individual workers are paid a certain sum of money for each unit of production completed.