Which One of the Following Statements Falsely Characterizes the Managerial

question 31

Multiple Choice

Which one of the following statements falsely characterizes the managerial task of executing strategy?

• A) Executing strategy is an action-oriented, make-things-happen task.
• B) Executing strategy tests a manager's ability to direct organizational change, achieve continuous improvement in operations and business processes, create and nurture a strategy-supportive culture, and consistently meet or beat performance targets.
• C) The challenge of successfully implementing new strategic initiatives principally involves employing managerial techniques to overcome resistance to change.
• D) Strategy execution requires a team effort that entails every manager thinking through the answer to "What does my area have to do to implement its part of the strategic plan, and what should I do to get these things accomplished effectively and efficiently?"
• E) Implementing and executing strategy is primarily an operations-driven activity revolving around the management of people and business processes.

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Definitions:

Compounded Semi-Annually

A frequency of interest calculation where the interest is added to the principal every six months, resulting in earning interest on interest in the second half of the year.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Perpetuity

A type of financial instrument that pays a fixed amount of cash flows indefinitely, without a maturity date.

Compounded Monthly

A method of calculating interest in which the interest earned each month is added to the principal, and future interest is calculated on the new total.