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:

Nucleic Acids

Large biomolecules essential to all known forms of life, including DNA and RNA, which store and transmit genetic information.

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA.

Representation

Representation can refer to the act of speaking or acting on someone's behalf or depicting or describing something.

Cytosine

One of the four main bases found in DNA and RNA, which pairs with guanine in the genetic code.