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:

Industry Segments

Specific categories within an industry that companies can be classified under based on their main business activities.

Revenue Test

A criterion used to determine whether a business segment's revenue is sufficient for it to be considered a reportable segment under financial reporting standards.

Separately Reportable

Items or activities that must be individually disclosed in financial statements due to their significance or regulatory requirements.

Operating Profit Or Loss Test

A financial measure used to determine a company's profitability from its core business operations, excluding non-operational factors.