Ultimate Responsibility for Seeing That Strategy Is Executed Successfully Primarily

question 5

Multiple Choice

Ultimate responsibility for seeing that strategy is executed successfully primarily falls upon the shoulders of

• A) a company's chief executive officer, its chief operating officer, and the heads of major units (business divisions, functional departments, and key operating units).
• B) first-line supervisors who have day-to-day responsibility for seeing that key value chain activities are done properly.
• C) the company's board of directors because board members are the final authority in overseeing and conducting daily operations.
• D) a company's whole management team-each manager is responsible for attending to what needs to be done in his/her respective area of authority and thus should be held accountable for success or failure.
• E) all company personnel because all employees are active participants in the strategy execution process and the caliber of their actions have a huge impact on the ultimate outcome.

Recognize the importance of organizational stories and their impact on culture.

Comprehend the mechanisms through which organizational culture influences employee behavior and organizational performance.

Understand the strategies for merging organizational cultures and minimizing culture clashes.

Identify characteristics of adaptive corporate cultures and their implications for organizational success.

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Definitions:

Competition Intensity

The extent of rivalry among firms within a market, often influencing pricing, product development, and marketing strategies.

Segment

A distinct group of consumers within a broader market, identified by shared characteristics or needs, targeted by businesses.

Marketers

Professionals involved in creating and promoting products or services to meet consumer needs and generate profit for companies.

Heavy Users

Consumers who purchase and use products or services far more frequently than the average customer, often contributing disproportionately to sales and profits.