Which of the Following Are Integral Parts of the Managerial

question 77

Multiple Choice

Which of the following are integral parts of the managerial process of crafting and executing strategy?

• A) Developing a strategic vision,setting objectives,and crafting a strategy
• B) Developing a proven business model,deciding on the company's strategic intent,and crafting a strategy
• C) Setting objectives,crafting a strategy,implementing and executing the chosen strategy,and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage
• D) Coming up with a statement of the company's mission and purpose,setting objectives,choosing what business approaches to employ,selecting a business model,and monitoring developments
• E) Deciding on the company's strategic intent,setting financial objectives,crafting a strategy,and choosing what business approaches and operating practices to employ

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Definitions:

Change Blindness

A psychological phenomenon where an individual fails to notice significant changes in their visual field when such changes occur during a visual disruption.

Consciousness

The condition in which an individual is conscious of and can contemplate their own being, feelings, ideas, environment, and life events.

Cocktail Party Effect

The brain's ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, as when a person can focus on a single conversation in a noisy room.

Inattentional Blindness

A cognitive phenomenon where an individual fails to perceive an unexpected stimulus in plain sight, due to their focus being engaged on another task or aspect of the environment.