Which of the Following Most Accurately Describes the Task of Crafting

question 77

Multiple Choice

Which of the following most accurately describes the task of crafting a company's strategy?

• A) In most companies, strategy-making is the exclusive province of top management-owner-entrepreneurs, CEOs, and other very senior executives.
• B) The more a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants.
• C) A company's board of directors generally takes the lead role in crafting a company's strategy.
• D) In most of today's companies, the lead strategy-making role is being assumed by an elite group of corporate entrepreneurs.
• E) Masterful strategies are nearly always the product of brilliant corporate entrepreneurs.

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Definitions:

Statistical Values

Numerical figures that represent, summarize, or interpret data collected from a study or experiment.

Population

The entire group of individuals or instances about whom we wish to draw conclusions in a statistical study.

Average

The numerical value representing the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.

Political Centrists

Individuals or groups who hold moderate political views, advocating neither extreme left nor extreme right ideologies.