A Company's Ability to Marshal Adequate Resources in Support of New

question 10

Multiple Choice

A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because

• A)changes in strategy often require resource reallocation, and organizational units need the proper funding to carry out their part of the strategic plan effectively and efficiently.
• B)accurate budgets are the key to exercising tight financial controls over what organization units can and cannot do in carrying out management's directives to execute the chosen strategy proficiently.
• C)tight budget control is management's most powerful tool for first-rate strategy execution.
• D)lean, carefully managed budgets protect the company's financial condition and eliminate the wasteful use of cash.
• E)lean, strictly enforced budgets are management's best and most used means of getting organizational units to exercise the fiscal discipline needed to execute the chosen strategy in a cost-efficient manner.

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Definitions:

Distinct Definitions

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Culture

The social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.

Stable

Refers to a situation or condition that is not significantly changing, showing little variability, and is dependable over time.

Societal Expectations

The standards and norms that society holds for individuals and organizations, influencing their behavior and actions.