Which of the Following Most Accurately Describes the Task of Crafting

question 77

Multiple Choice

Which of the following most accurately describes the task of crafting a company's strategy?

• A) In most companies, strategy-making is the exclusive province of top management-owner-entrepreneurs, CEOs, and other very senior executives.
• B) The more a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants.
• C) A company's board of directors generally takes the lead role in crafting a company's strategy.
• D) In most of today's companies, the lead strategy-making role is being assumed by an elite group of corporate entrepreneurs.
• E) Masterful strategies are nearly always the product of brilliant corporate entrepreneurs.

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Definitions:

Self-handicapping

A cognitive strategy whereby individuals create obstacles and excuses for themselves to avoid self-blame when they do poorly.

Self-handicapping

A cognitive strategy by which people avoid effort in the hopes of keeping potential failure from hurting self-esteem.

Basking In Reflected Glory

A self-enhancement strategy where individuals associate themselves with successful others to improve their own self-esteem.

Self-efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.