While Ultimate Responsibility for Implementing and Executing Strategy Falls Upon

question 72

Multiple Choice

While ultimate responsibility for implementing and executing strategy falls upon the shoulders of senior executives

• A) top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units.
• B) the pivotal and most decisive strategy-implementing actions are carried out by frontline supervisors who have the day-to-day responsibility of seeing that key activities are done properly.
• C) it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail.
• D) the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.
• E) the success or failure of the implementation/execution effort hinges chiefly on a company's reward system and whether its policies and procedures are strategy-supportive.

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Definitions:

Conflict of Interest

A conflict of interest occurs when an individual's personal interests potentially interfere with their professional responsibilities, leading to biased decisions.

Employee

An employee is a person who is hired to provide services to a company on a regular basis in exchange for compensation.

Personal Gain

Benefiting or profiting oneself, often at the expense of others or through unethical means.

Cause-Related Marketing

A marketing strategy where businesses partner with non-profit organizations or causes to market a product or service with the aim of benefiting both parties.