What Makes the Managerial Task of Executing Strategy So Challenging

question 72

Multiple Choice

What makes the managerial task of executing strategy so challenging and demanding is:

• A) the trial-and-error experimentation that is required to come up with a workable organizational structure.
• B) the people-management skills required,the resistance to change that has to be overcome,and the perseverance necessary to get a variety of initiatives launched and kept moving along.
• C) the time and effort it takes to build core competencies.
• D) the time,training,and creative effort it takes to empower employees and teach them responsible decision making.
• E) the supervisory requirements associated with getting company personnel to do things the right way.

Calculate markup percentage and determine its impact on product pricing.

Understand the role of variable and fixed costs in decision-making.

Apply activity-based costing to calculate overhead and its impact on pricing.

Interpret financial data to make pricing decisions.