Proficient Strategy Execution Requires Executive Managers to

question 43

Multiple Choice

Proficient strategy execution requires executive managers to

• A) be current with events and closely monitor progress,put constructive pressure on the organization for operating excellence,and initiate corrective action when necessary to improve performance and achieve desired results.
• B) understand all the tasks required to implement the strategy so as to ensure staff will not shortchange any strategic-critical activity.
• C) attach great importance to gathering statistics that define every task effort and ensure limited variability.
• D) initiate a problem-solving search to ensure obstacles to success are identified.
• E) All of these.

---

Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced.

Recessions

Episodes of brief economic downturn where business and manufacturing activities decline, usually signaled by a decrease in the GDP for two back-to-back quarters.

Aggregate Demand

Collective appetite for goods and services in an economic system, pegged at a particular comprehensive price level for a fixed time frame.

Short-Run Aggregate Supply

The total output of goods and services that firms in an economy are willing to produce at different price levels in the short term, holding some input prices fixed.