The Strategy-Making,strategy-Executing Process

question 53

Multiple Choice

The strategy-making,strategy-executing process:

• A) is usually delegated to members of a company's board of directors.
• B) includes establishing a company's mission,developing a business model aimed at making the company an industry leader,and crafting a strategy to implement and execute the business model.
• C) embraces the tasks of developing a strategic vision,setting objectives,crafting a strategy,implementing and executing the strategy,and then monitoring developments and initiating corrective adjustments in light of experience,changing conditions,and new opportunities.
• D) is principally concerned with sizing up an organization's internal and external situation,so as to be prepared for the challenges of developing a sound business model.
• E) is primarily the responsibility of top executives and the board of directors;very few managers below this level are involved in the process.