Managers Charged with Implementing and Executing Strategy Need to Be

question 3

Multiple Choice

Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because:

• A) too little funding deprives organizational units of the necessary resources to execute their piece of the strategic plan while too much funding wastes organizational resources and reduces financial performance.
• B) a change in strategy nearly always calls for budget reallocations and resource shifting.
• C) without major budget reallocations there is little chance that desired core competencies and organizational capabilities will emerge.
• D) lean,carefully managed budgets protect the company's financial condition and eliminate the wasteful use of cash.
• E) All of these.