What Makes the Managerial Task of Executing Strategy So Challenging

question 73

Multiple Choice

What makes the managerial task of executing strategy so challenging and demanding is:

• A) the trial-and-error experimentation that is required to come up with a workable organizational structure.
• B) the demanding people-management skills required,the resistance to change that has to be overcome,and the perseverance necessary to get a variety of initiatives launched and kept moving along.
• C) the time and effort it takes to build core competencies.
• D) the time,training,and creative effort it takes to empower employees and teach them responsible decision making.
• E) the supervisory requirements associated with getting company personnel to do things the right way.

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Definitions:

Inflation Rate

The proportionate rise in the cost of goods and services within an economy over a specified timeframe.

Volcker Disinflation

A monetary policy strategy employed by the Federal Reserve under Chairman Paul Volcker in the late 1970s and early 1980s, aimed at reducing the high levels of inflation through high interest rates.

Long-Run Phillips Curve

Represents the relationship between inflation and unemployment when the economy is at its natural rate of unemployment, typically showing no trade-off between inflation and unemployment in the long run.

Short-Run Phillips Curve

An economic model illustrating a temporary inverse relationship between the rate of unemployment and the rate of inflation, providing insights into monetary policy's impact.