The Strategy-Making,strategy-Executing Process

question 25

Multiple Choice

The strategy-making,strategy-executing process

• A) is usually delegated to members of a company's board of directors so as not to infringe on the time of busy executives.
• B) includes establishing a company's mission, developing a business model aimed at making the company an industry leader, and crafting a strategy to implement and execute the business model.
• C) embraces the tasks of developing a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy, and then monitoring developments and initiating corrective adjustments in light of experience, changing conditions, and new opportunities.
• D) is principally concerned with sizing up an organization's internal and external situation, so as to be prepared for the challenge of developing a sound business model.
• E) is primarily the responsibility of top executives and the board of directors; very few managers below this level are involved.

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Definitions:

Severe Depression

A form of depression characterized by profound feelings of sadness, hopelessness, and lack of interest or pleasure in most activities, significantly affecting a person's daily functioning.

Obsessive-Compulsive

Relating to a disorder characterized by intrusive thoughts (obsessions) that produce uneasiness and repetitive behaviors (compulsions) aimed at reducing the anxiety.

Delusional

Relating to or characterized by delusions, which are persistent false beliefs maintained despite evidence to the contrary, often symptomatic of psychiatric disorders.

Post-Traumatic Stress

A disorder characterized by failure to recover after experiencing or witnessing a terrifying event.