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.

---

Definitions:

Daughters Of Liberty

A group of women who participated in the American Revolutionary War efforts by boycotting British goods and producing homemade items to aid the patriot cause.

Spun

In a general context, it means to twist together strands to make yarn or thread, but can also refer metaphorically to presenting information in a particular way to influence perception.

Wove

A term used to describe the texture or pattern of material that has been interlaced to form a cohesive fabric, often through weaving.

Declaratory Act

A 1766 act passed by the British Parliament, asserting its right to bind the American colonies "in all cases whatsoever," including taxation, following the repeal of the Stamp Act.