Which of the following statements about implementing and executing a companys strategy is true

School Bloomsburg University
Course Title MGMT 497
Type
Test Prep
Pages 55
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13.What makes the managerial task of executing strategy so challenging and demanding is: A. the trial-and-error experimentation that is required to come up with a workable organizational structure.B. the people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along.C. the time and effort it takes to build core competencies.D. the time, training, and creative effort it takes to empower employees and teach them responsible decision making.E. the supervisory requirements associated with getting company personnel to do things the right way.It takes first-rate "managerial smarts" to zero in on what exactly needs to be done and how to get good results in a timely manner. Excellent people-management skills and perseverance are required to get a variety of initiatives launched and to integrate the efforts of many different work groups into a smoothly functioning whole.

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Mathematical Applications for the Management, Life, and Social Sciences

Harshbarger

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14.Which of the following statements about implementing and executing a new strategy is true?

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Like crafting strategy, executing strategy is a job for a company's whole management team—not just a few seniormanagers.15.Ultimate responsibility for seeing that a strategy is executed successfully primarily falls upon the shoulders of: A. a company's chief executive officer, its chief operating officer, and the heads of major units (business divisions, functional departments, and key operating units).B. first-line supervisors who have the day-to-day responsibility of seeing that key value chain activities are done properly.C. the company's board of directors because board members are the final authority in overseeing and conducting daily operations.D. a company's whole management team—each manager is responsible for attending to what needs to be done

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Newly Uploaded Documents

Which of the following statements accurately describe the process of executing a business strategy?

Which of the following statements accurately describe the process of executing a business strategy? Executing a business strategy is an action-driven activity. Executing a business strategy requires managers who work effectively with colleagues.

What does a successful strategy execution require?

Effective and successful strategy execution requires that their employees have discipline, and this is achieved through setting detailed and doable tasks to move the company strategy from paper into action. To achieve strategic goals, a strategy needs to be created through a strategic plan that can be followed.

Which of the following is an advantage of a decentralized organizational structure?

Advantages of decentralized organizations include increased expertise at each division, quicker decisions, better use of time at top management levels, and increased motivation of division managers.

Which of the following is a principal managerial component of the strategy execution process?

The principal managerial components of the strategy execution process include: instituting policies and procedures that facilitate strategy execution and tying rewards and incentives to the achievement of strategic and financial targets.

Which of the following statements about implementing and executing a companys strategy is true

Newly Uploaded Documents

Newly Uploaded Documents

Which of the following statements accurately describe the process of executing a business strategy?

What does a successful strategy execution require?

Which of the following is an advantage of a decentralized organizational structure?

Which of the following is a principal managerial component of the strategy execution process?

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