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:

Point-of-sale

The location or moment at which a transaction is completed, involving the exchange of goods or services for payment.

Reciprocity

A social norm of responding to a positive action with another positive action, fostering positive relations among individuals.

Research Survey

A systematic method of collecting information from individuals, typically by asking them questions through interviews or questionnaires, to gather data for analysis.

Source Credibility

The perceived trustworthiness, expertise, and reliability of the sender of information.