The Strategy-Making,strategy-Executing Process

question 12

Multiple Choice

The strategy-making,strategy-executing process:

• A) is usually delegated to members of a company's board of directors so as not to infringe on the time of busy executives.
• 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:

Reinforcement Theory

A psychological concept suggesting that behavior is shaped and conditioned by its consequences, with positive outcomes reinforcing the behavior and increasing its likelihood of recurrence.

Positive Consequences

Favorable outcomes or benefits that result from a specific behavior or action, often reinforcing the behavior.

Theoretical Frameworks

Structures of concepts, assumptions, and their relations, used to support or guide research, providing a comprehensive understanding of a phenomenon.

Performance Appraisals

The systematic evaluation of an employee's job performance and productivity, typically to determine compensation, promotions, and training needs.