Implementing and Executing a Company's Strategy

question 53

Multiple Choice

Implementing and executing a company's strategy

• A)is primarily the job of the company's board of directors since they direct the actions and policies of the top senior executives in executing the strategy.
• B)is a task for every manager and the whole management team, but ultimate responsibility for success or failure falls upon the top senior executives, especially the chief executive officer of the company.
• C)is primarily a responsibility of all company personnel because all personnel are active participants in the strategy execution process and their actions have a huge impact on the ultimate outcome.
• D)should be delegated to a chief strategy implementer appointed by the chief executive officer.
• E)is primarily a task for middle and lower-level managers because it is they who have responsibility for pushing the needed changes all the way down to the lowest levels of the organization.

Identify the roles of volunteers within a nonprofit's system capacity.

Analyze the decision-making processes at critical stages of nonprofit lifecycle management.

Comprehend the purpose and content of a mission statement.

Understand the concept and components of strategic management and its significance in linking strategy to implementation.

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Definitions:

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs.

Tasks

Specific pieces of work to be done, often as part of a larger project or goal.

Sympathetic Nervous System

A part of the autonomic nervous system that prepares the body for physical activity by increasing heart rate, constricting blood vessels, and raising blood pressure.

Accelerator

A device, typically a pedal, that controls the speed of a vehicle's engine.