A Company's Ability to Marshal Adequate Resources in Support of New

question 4

Multiple Choice

A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because

• A) changes in strategy often require resource reallocation and,therefore,directing the proper amounts of resources to strategy-critical organizational units because they need the proper funding to carry out their part of the strategic plan effectively and efficiently.
• B) accurate budgets are the key to exercising tight financial controls over organizational units.
• C) tight budget control is management's most powerful tool for first-rate strategy execution.
• D) lean,carefully managed budgets protect the company's financial condition and eliminate wasteful use of cash.
• E) lean,strictly enforced budgets are management's best and most used means of getting organizational units to exercise fiscal discipline.

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