The Principal Managerial Components of the Strategy Execution Process Include

question 36

Multiple Choice

The principal managerial components of the strategy execution process include which of the following?

• 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.

Comprehend the roles that individuals and governments play in different economic systems such as command and market economies.

Recognize the concept and significance of the invisible hand in market economies.

Understand the definition and components of costs in economic production.

Identify the historical economic strategies of nations such as the Soviet Union and pre-reform China and their impacts.

---

Definitions:

Capillary Beds

Capillary beds are networks of capillaries where the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues occurs.

Umbilical Cord

A flexible cord-like structure containing blood vessels that connect a fetus to the placenta, supplying it with oxygen and nutrients during pregnancy.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to and removing waste from the fetus through the umbilical cord.

Oxygenated Blood

Blood that is rich in oxygen, typically found in the arterial system, except for the pulmonary arteries, which carry deoxygenated blood to the lungs.