From a Strategy-Implementing/strategy-Executing Perspective,operating Budget Allocations Should

question 4

Multiple Choice

From a strategy-implementing/strategy-executing perspective,operating budget allocations should:

• A) primarily be based on the number of new strategic initiatives being implemented in each operating department.
• B) be based on the number of people employed in each of the divisions.
• C) be strategy-driven and be based on how much each organizational unit needs to carry out its piece of the strategic plan efficiently and effectively.
• D) be linked to the costs of performing value chain activities as determined by benchmarking against best-in-industry competitors.
• E) depend on how much stretch there is in each department's objectives and what additional resources are needed to help reach these performance targets.

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Definitions:

Supply Chain Ecosystem

A complex network of interlinked companies, operations, and teams working together to produce and deliver products to the end user.

Network Modeling

The method of creating a mathematical model to represent a system of interconnected elements or processes for analysis and optimization.

IT-Based Processes

Processes that rely on information technology to operate or deliver a service, encompassing everything from software development to data management.

Big Data

Extremely large data sets that are analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.