Which of the Following Most Accurately Describes the Task of Crafting

question 77

Multiple Choice

Which of the following most accurately describes the task of crafting a company's strategy?

• A) In most companies, strategy-making is the exclusive province of top management-owner-entrepreneurs, CEOs, and other very senior executives.
• B) The more a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants.
• C) A company's board of directors generally takes the lead role in crafting a company's strategy.
• D) In most of today's companies, the lead strategy-making role is being assumed by an elite group of corporate entrepreneurs.
• E) Masterful strategies are nearly always the product of brilliant corporate entrepreneurs.

---

Definitions:

Underlying Principle

The basic foundational idea or assumption that forms the basis for a system, theory, or policy.

Self-Fulfilling Prophecy

What occurs when a person acts in ways that confirm another’s expectations.

Different Assumptions

The varying underlying beliefs or ideas that individuals or groups hold, which can influence perceptions, decisions, and behaviors in diverse contexts.

Hawthorne Studies

A series of experiments conducted in the 1920s and 1930s that revealed the importance of social relations and worker satisfaction in the workplace.