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:

Chloride Ion

A negatively charged ion (Cl-) that is an essential electrolyte found in all body fluids, important for maintaining fluid balance and electrical neutrality.

Dissociation

A mental process involving a lack of connection in a person's thoughts, memory, and sense of identity.

Sodium Ion

An essential electrolyte in the body that helps regulate water balance, nerve impulses, and muscle function.

Dissociation

A mental process involving a disconnection between thoughts, identity, consciousness, and memory.