Good Strategy Execution Requires Which of the Following

question 26

Multiple Choice

Good strategy execution requires which of the following?

• A) Putting those resources and capabilities into place,strengthening them as needed,and then modifying them as market conditions evolve
• B) A universal business model to raise profits and lower costs
• C) Strengthening the competitive environment arena outside the company's operating territory
• D) A planned budget to protect the company's financial condition and eliminate wasteful use of cash
• E) Passive pressures stemming from the dominance of outside market buyers

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Definitions:

Chase Strategy

A demand-matching approach in capacity planning, where output rates are adjusted to match demand forecasts, minimizing inventory levels.

Aggregate Planning

A management strategy aimed at balancing production, inventory levels, and workforce to meet forecasted demand over a medium-term horizon.

Demand Estimation

The process of determining the expected demand for a product or service, based on historical data, market trends, and statistical models.

Level Scheduling

A production strategy aiming to maintain a consistent production rate or workforce level over time, despite fluctuating demand.