The Principal Managerial Components of the Strategy Execution Process Include

question 31

Multiple Choice

The principal managerial components of the strategy execution process include:

• A) deciding how much to spend on employee training.
• B) instituting policies and procedures that facilitate strategy execution and tying rewards and incentives to the achievement of strategic and financial targets.
• C) doing an effective job of empowering employees.
• D) revamping the value chain in a manner calculated to maximize operating efficiency.
• E) selecting a capable top management team.

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Definitions:

Classical Viewpoint

An early prescription on management that advocated a high specialization of labour, intensive coordination, and centralized decision making.

Organizational Behaviour

The study of how people interact within groups in a workplace setting, with a focus on improving organizational effectiveness, efficiency, and employee well-being.

Contingencies

External factors or situations that may affect the execution or success of plans, often requiring adjustments or adaptations.

Bureaucracy

An organizational system characterized by a hierarchical structure, fixed rules, and a clear division of labor designed to promote efficiency and fairness but often criticized for inflexibility and complexity.