The Strategy-Making,strategy-Executing Process

question 53

Multiple Choice

The strategy-making,strategy-executing process:

• A) is usually delegated to members of a company's board of directors.
• B) includes establishing a company's mission,developing a business model aimed at making the company an industry leader,and crafting a strategy to implement and execute the business model.
• C) embraces the tasks of developing a strategic vision,setting objectives,crafting a strategy,implementing and executing the strategy,and then monitoring developments and initiating corrective adjustments in light of experience,changing conditions,and new opportunities.
• D) is principally concerned with sizing up an organization's internal and external situation,so as to be prepared for the challenges of developing a sound business model.
• E) is primarily the responsibility of top executives and the board of directors;very few managers below this level are involved in the process.

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Definitions:

Crystallized Intelligence

The ability to use learned knowledge and experience.

Cognitive Skills

Mental abilities that involve processing information, such as thinking, reasoning, and problem-solving.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and directed research.

Contextual Intelligence

The ability to understand and adapt to different environments and situations by applying relevant knowledge and skills.