Which of the Following Is Not Among the Principal Managerial

question 9

Multiple Choice

Which of the following is not among the principal managerial components of the strategy execution process?

• A) Exercising strong leadership to drive execution forward, keep improving on the details of execution, and achieve operating excellence as rapidly as feasible
• B) Marshaling sufficient money and people behind the drive for strategy execution
• C) Selecting and retaining capable employees, thereby enhancing the company's intellectual capital resources
• D) Instituting best practices and pushing for continuous improvement in how value chain activities are performed
• E) Instilling a corporate culture that promotes good strategy execution

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Definitions:

Natural Monopoly

A situation in the market where due to high initial costs and substantial economies of scale, a single firm can supply a product or service at a lower cost than any potential competitor, leading to a market dominated by one supplier.

Network Effects

Increases in the value of a product to each user, including existing users, as the total number of users rises.

Rent-seeking Behavior

Activities undertaken by individuals or firms to increase their own wealth without creating new wealth, often through manipulating the social or political environment in which economic activities occur.

X-inefficiency

X-inefficiency occurs when a firm lacks the incentive to control costs, leading to inefficiency and higher expenditure than is necessary for the level of output produced.