While Ultimate Responsibility for Implementing and Executing Strategy Falls Upon

question 72

Multiple Choice

While ultimate responsibility for implementing and executing strategy falls upon the shoulders of senior executives

• A) top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units.
• B) the pivotal and most decisive strategy-implementing actions are carried out by frontline supervisors who have the day-to-day responsibility of seeing that key activities are done properly.
• C) it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail.
• D) the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.
• E) the success or failure of the implementation/execution effort hinges chiefly on a company's reward system and whether its policies and procedures are strategy-supportive.

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Definitions:

Demand

The measure of goods or services that people are both inclined and financially prepared to purchase at differing prices over a given time span.

Mass Transportation

A system of large-scale public transportation services, such as buses and trains, that operate within or between cities.

Price

The monetary value associated with procuring a product or service.

Production Cost

The total expense incurred in manufacturing goods or providing services, including raw materials, labor, and overheads.