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:

Believe

To accept something as true, factual, or real, often without absolute proof and based on trust, faith, or confidence in it or its source.

Underpaid

The state of receiving less financial compensation for one's work than is considered reasonable or fair.

Women

Adult female humans, characterized by the possession of two X chromosomes in most cases and typically capable of pregnancy and childbirth.

Valued

Refers to something that is held in high esteem or considered important by individuals or society.