Crafting and Executing Strategy Are Top-Priority Managerial Tasks Because

question 7

Multiple Choice

Crafting and executing strategy are top-priority managerial tasks because

• A) working their way through the tasks of crafting and executing strategy helps top executives create tight fits between a company's strategic vision and business model.
• B) all company personnel, and especially senior executives, need to know the answer to "who are we, what do we do, and where are we headed?"
• C) there is a compelling need for managers to proactively shape how the company's business will be conducted and because a strategy-focused enterprise is more likely to be a stronger bottom-line performer than a company whose management views strategy as secondary and puts its priorities elsewhere.
• D) without clear guidance as to what the company's business model and strategic intent are, managerial decision-making is likely to be rudderless.
• E) how well executives perform these tasks are the key determinants of executive compensation.