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:

Relevant Costs

Costs that should be considered in decision-making because they vary depending on the choices available.

Breaking Even

Refers to the point at which total revenues equal total costs or expenses, resulting in no profit or loss for a business.

Selling Price

The amount for which a product is sold to the customer, determining the revenue generated from sales.

Financial Advantage

The benefit gained in financial terms, often through investment decisions, operational improvements, or strategic actions.