Crafting and executing strategy are top-priority managerial tasks because
A) they are necessary ingredients of a sound business model.
B) good strategy coupled with good strategy execution greatly raises the chances that a company will be a standout performer in the marketplace.
C) the management skills of top executives are sharpened as they work their way through the strategy-making/strategy-executing process.
D) doing these tasks helps executives develop an appropriate strategic vision, strategic intent, and set of strategic objectives.
E) of the contribution they make to maximizing value for shareholders.

Question

Quizplus · Accepted Answer

Crafting and executing a sound strategy greatly increases a company's chances of excelling in the marketplace, outperforming competitors, and maximizing value for shareholders. While the other choices (A, C, D, and E) are all true to some extent, they do not capture the essential reason why strategy and execution are so critical to a company's success.

Crafting and Executing Strategy Are Top-Priority Managerial Tasks Because