To Ensure the Proficient Implementation of Strategy in an Organization,top-Level

question 68

Essay

To ensure the proficient implementation of strategy in an organization,top-level executives can best achieve this by delegating authority to middle and lower-level managers and by creating a sense of empowerment among employees.True or false? Explain and justify your answer.

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Definitions:

Marginal Cost

The increment in overall expenses due to the output of one more unit of a product or service.

Marginal Revenue

The augmented income received from selling an extra unit of a good or service.

Total Revenue Curve

The total revenue curve graphically represents the relationship between total revenue gained by a business and the quantity of a product sold, showing how revenue changes as sales volume varies.

Slope

A measure of the steepness or inclination of a line, representing the rate at which variables change relative to each other.