Bossidy and Charan (2009) Argue That the "Strategy Process" Should

question 45

Multiple Choice

Bossidy and Charan (2009) argue that the "strategy process" should focus on more than just formulating the strategy.What else should be included in the "strategy process" according to these researchers?

• A)Paying attention to specific ways the strategies will be executed
• B)Paying attention to specific ways the strategies will be executed and raising critical questions and testing assumptions, but not evaluating the adaptability of the plan to rapid changes in the external environment.
• C)Evaluating the adaptability of the plan to rapid changes in the external environment
• D)Raising critical questions and testing assumptions
• E)All of these

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Definitions:

Criminal Actions

Activities that are punishable by law, typically involving harm to individuals or the society at large.

Top Managers

Senior executives responsible for making strategic decisions and overseeing the overall operations of an organization.

Asymmetric Information

A situation in which one party in a transaction has more or significantly better information than the other, leading to an imbalance in the transaction.

Moral-Hazard

A situation where one party is more likely to take risks because the consequences of those risks will be felt by another party.