The Task of Crafting a Company's Strategy Would Not Normally

question 12

Multiple Choice

The task of crafting a company's strategy would not normally be described as which of the following?

• A)In most companies, crafting strategy is a team effort, involving managers and often key employees at many organization levels.
• B)Ultimate responsibility for leading the strategy-making task rests with the chief executive officer.
• C)The task of crafting strategy is best done by a company's chief strategic planning officer, who should report directly to the company's CEO and board of directors.
• D)It is the responsibility and duty of a company's board of directors to ensure that new strategy proposals can be defended as superior to alternatives and, ultimately, to approve or disapprove of the strategy formulated and proposed by the company's management.
• E)In most of today's companies, every company manager has a strategy-making role, ranging from major to minor, for his or her area of responsibility.

---

Definitions:

Bureaucratic Organization

A structured approach to administration and management, characterized by formal procedures, hierarchy, and a clear division of labor.

Productive

Being productive means achieving or producing a significant amount or result, maximizing output from given inputs or efforts.

Quantitative Management

An approach to management that focuses on mathematical models, statistics, and numerical techniques to solve organizational problems.

Mathematical Techniques

A collection of methods and practices used in solving mathematical problems, including algebraic formulas, calculus, and statistical models.