Why Does Strategy Implementation Often Require Changes Within an Organization

question 81

Multiple Choice

Why does strategy implementation often require changes within an organization?

• A) Strategy implementation is less important than strategy formulation.
• B) Strategy implementation transforms strategy into actions and business models.
• C) Strategy always follows structure.
• D) Strategy implementation does not affect resource allocation and power distribution within an organization.

Appreciate the importance of change management in ERP implementation.

Identify the processes involved in ERP and their origination and termination departments.

Understand the difference and relationship between gross margin percentage and contribution margin.

Comprehend the importance and computation of the times interest earned ratio and its relevance to net income and interest expense.

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Definitions:

Partially Disclosed Principal

A principal whose identity is not known by a third party, although the third party is aware that the agent is making an agreement on behalf of a principal.

Vicariously Liable

A legal principle under which an individual or entity can be held legally responsible for the actions of another, typically in an employer-employee relationship.

Vicarious Liability

Refers to the legal responsibility of one party for the actions of another, typically in employer-employee relationships.

Time and Place Theory

A concept in communication that considers how the time and place of a message's receipt affect its interpretation.