What Does a Good Strategy Execution Require

question 73

Multiple Choice

What does a good strategy execution require?

• A)a team effort with all managers having strategy executing responsibility in their areas of authority, and making all employees active participants in the strategy execution process
• B)incremental changes to current operating practices be implemented to ensure existing resource capabilities are not impacted too severely
• C)little consensus building, despite the magnitude of the proposed changes, because employees know the benefits gained from the planning process
• D)the strategy-critical value chain activities to be simplified so that all company personnel can be cognizant of the benefits of the execution parameters
• E)additional investments in capital projects rather than adding to a company's talent base and building intellectual capital

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Definitions:

Specialty Product

A unique or high-value product that buyers are willing to make a special purchase effort to obtain.

BMW Sedan

A four-door luxury car produced by the German automaker BMW.

Product Depth

The variety of options available within a specific product category, indicating the range of choices (such as sizes, colors, features) offered by a business to cater to different customer preferences.

Marketing Efforts

Activities and strategies implemented by companies to promote and sell their products or services, aiming to enhance brand recognition, reach target audiences, and drive consumer engagement.