Which of the following is an integral part of the managerial process of crafting and executing strategy?

Which of the following are integral parts of the managerial process of crafting and executing strategy?

A.
Developing a strategic vision, setting objectives, and crafting a strategy
B.
Developing a proven business model, deciding on the company's strategic intent, and crafting a strategy
C.
Setting objectives, crafting a strategy, implementing and executing the chosen strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage
D.
Coming up with a statement of the company's mission and purpose, setting objectives, choosing what business approaches to employ, selecting a business model, and monitoring developments
E.
Deciding on the company's strategic intent, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ

Which of the following are characteristics of an effectively worded strategic vision statement?

A.
Balanced, responsible, and rational
B.
Challenging, competitive, and "set in concrete"
C.
Graphic, directional, and focused
D.
Realistic, customer-focused, and market-driven
E.
Achievable, profitable, and ethical

The difference between the concept of a company mission statement and the concept of a strategic vision is that:
A.
a mission concerns what to do to achieve short-term objectives, while a strategic vision concerns what to do to achieve long-term performance targets.
B. a mission statement focuses on the methods needed to make a profit, whereas a strategic vision concerns what business model to employ in striving to make a profit.
C. a mission statement deals with what to accomplish on behalf of shareholders, while a strategic vision concerns what to accomplish on behalf of customers.
D. a mission statement typically concerns a company's purpose and its present business scope, whereas the principal concern of a strategic vision is a company's aspirations for its future.
E. a mission statement deals with "where we are headed," whereas a strategic vision provides the critical answer to "how will we get there?"

The primary difference between a company's mission statement and the company's strategic vision is that:
A. a mission statement explains why it is essential to make a profit, whereas the strategic vision explains how the company will be a moneymaker.
B. a mission statement typically concerns a company's present business scope and purpose, whereas a strategic vision sets forth "where we are going and why."
C. a mission deals with how to please customers, whereas a strategic vision deals with how to please shareholders.
D. a mission statement deals with "where we are headed," whereas a strategic vision provides the critical answer to "how will we get there?"
E. a mission statement addresses "how we are trying to make a profit today," while a strategic vision concerns "how will we make money in the markets of tomorrow?"

What is an integral part of the managerial process of crafting and executing strategy?

Which of the following are integral managerial tasks in the ongoing process of crafting and executing a company's strategy?

When firms undertake the strategy formulation strategy execution process the first step is to?

Which of the following is not one of the principal managerial tasks associated with strategy execution?