What Does a Good Strategy Execution Require

question 73

Multiple Choice

What does a good strategy execution require?

• A)a team effort with all managers having strategy executing responsibility in their areas of authority, and making all employees active participants in the strategy execution process
• B)incremental changes to current operating practices be implemented to ensure existing resource capabilities are not impacted too severely
• C)little consensus building, despite the magnitude of the proposed changes, because employees know the benefits gained from the planning process
• D)the strategy-critical value chain activities to be simplified so that all company personnel can be cognizant of the benefits of the execution parameters
• E)additional investments in capital projects rather than adding to a company's talent base and building intellectual capital

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Definitions:

Unearned Revenues

Liabilities recognized when a company receives payment for goods or services yet to be delivered or performed.

Debit

An accounting entry that results in either an increase in assets or expenses or a decrease in liabilities, equity, or income.

Credit

The provision of resources (like money) by one party to another, where repayment is expected in the future, often with interest.

Journal Entries

Records of financial transactions in the double-entry bookkeeping system, noting debits and credits for each transaction.