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

question 51

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 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:

Open Door Notes

A series of U.S. policy statements that promoted equal opportunities for international trade in China in the late 19th and early 20th centuries.

Commercial Interests

Describes the business pursuits and ventures that aim at generating profit, particularly those involving trade and commerce.

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant global economic and political influence.

1899

A year noted for marking the end of the Spanish-American War with the signing of the Treaty of Paris, leading to Spain ceding control of its colonies.