An Initial Step That Companies Typically Take in Launching the Strategy

question 21

Multiple Choice

An initial step that companies typically take in launching the strategy execution process is often to

• A)ensure all requirements of the value chain are fulfilled.
• B)form a mission statement as a basis for managers to achieve organizational objectives.
• C)go on the offensive by employing moves to make its product offering more distinctive and appealing to buyers.
• D)put together a talented management team with the right mix of experiences, skills, and abilities to get things done.
• E)strive to be more profitable than rivals and aim for a competitive edge based on bigger profit margins.

---

Definitions:

Executives

Executives are high-ranking officials in a corporation or organization, responsible for making major decisions and guiding the company's strategic direction.

Workplace

A place where people are employed and perform tasks related to their jobs.

Core Belief System

A core belief system refers to the fundamental principles or convictions that an individual strongly holds, often shaping their perceptions and behaviors.

Selective Listening

The practice of focusing on certain parts of a message or conversation while ignoring others, often as a result of bias or preconception.