Crafting and Executing a Strategy Is a Top-Priority Managerial Task

question 17

Multiple Choice

Crafting and executing a strategy is a top-priority managerial task because

• A) it helps management create tight fits between a company's strategic vision and business model.
• B) it allows all company personnel, and especially senior executives, to know the answer to "who are we, what do we do, and where are we headed?"
• C) it is management's prescription for doing business, its roadmap to competitive advantage, a game plan for pleasing customers, and its formula for improving performance.
• D) it provides clear guidance as to what the company's business model and strategic intent are, and helps keep managerial decision-making from being rudderless.
• E) it establishes how well executives perform these tasks and are the key determinants of executive compensation.

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Definitions:

Job Performance

The level of effectiveness and efficiency with which an employee fulfills their assigned roles and tasks.

Orientation

The process of introducing new employees to an organization, its values, team members, and work environment.

Co-workers

Individuals who work together in the same organization or on the same team, often sharing tasks and responsibilities.

Activities

Actions or tasks that individuals or groups undertake as part of their roles or functions within an organization.