Which of the Following Is One of the First Steps

question 96

Multiple Choice

Which of the following is one of the first steps to take in launching the strategy execution process?

• A) Ensure all requirements of the value chain are fulfilled.
• B) Form a mission statement as a basis for managers to achieve organizational objectives.
• C) Go on the offensive by employing moves to make its product offering more distinctive and appealing to buyers.
• D) Put together a talented management team with the right mix of experiences, skills, and abilities to get things done.
• E) Strive to be more profitable than rivals and aim for a competitive edge based on bigger profit margins.

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Definitions:

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The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions through empirical or measurable evidence.

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An organized inquiry conducted to investigate specific hypotheses, questions, or phenomena, using systematic methods of data collection and analysis.