When Companies Adopt the Strategy-Making and Strategy-Execution Process, It Requires

question 93

Multiple Choice

When companies adopt the strategy-making and strategy-execution process, it requires they start by

• A)developing a strategic vision, mission, and values.
• B)developing a proven business model, deciding on the company's top management team, and crafting a strategy.
• C)strategic management, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage.
• D)coming up with a statement of the company's mission and communicating it to all employees, strategic management, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary.
• E)deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.

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Definitions:

Behavior

The actions, reactions, or functioning of an organism, typically in response to its environment or stimuli.

Salivate

The secretion of saliva from the salivary glands in the mouth, often triggered by the sight, smell, or thought of food.

Phone Ringing

The sound made by a telephone to alert the recipient of an incoming call.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the influence of consequences on behavior.