How Do Line Managers Become "Owners" of the Strategy

question 39

Multiple Choice

How do line managers become "owners" of the strategy?

• A) by attending top manager meetings
• B) by gathering information about competitors
• C) by involvement in the strategic-management process
• D) by becoming a shareholder of the firm
• E) by buying off top managers

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Definitions:

Status Quo

The existing state of affairs; in prospect theory, the current situation from which gains and losses are calculated.

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are uncertain.

Retirement Fund

A financial arrangement designed to replace employment income upon retirement, often made up of savings or investments accumulated during an individual's working life.

Base Salary

The initial rate of compensation that an employee receives in exchange for services, excluding extra payments like bonuses or commissions.