When Companies Adopt the Strategy-Making and Strategy-Execution Process, It Requires

question 79

Multiple Choice

When companies adopt the strategy-making and strategy-execution process, it requires they start by

• A) developing a strategic vision, mission, and values.
• B) developing a proven business model, deciding on the company's top management team, and crafting a strategy.
• C) Strategic Management, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage.
• D) coming up with a statement of the company's mission and communicating it to all employees, Strategic Management, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary.
• E) deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.

---

Definitions:

Lucy V. Zehmer

A landmark legal case focusing on the binding nature of a contract, stemming from the sale of a farm over a drunken conversation.

Assent

Assent is the agreement or approval by a party to the terms of a contract or an arrangement, often indicated through a signature or explicit agreement.

Allegations

Claims or assertions made against someone, often without proof, typically in legal contexts.

Silence

The absence of sound or the state of saying nothing, often used as a communication or negotiation strategy.