Which of the following is true of top-performing firms?
A) They predominantly take a bottom-up approach for strategy development by building strategic criteria into their project selection tools.
B) They only use the top-down approach for strategy development.
C) They often use a combination of top-down and bottom-up approaches for strategy development.
D) They often rely only on financial criteria when selecting projects.

Question

Quizplus · Accepted Answer

Top-performing firms often use a combination of top-down and bottom-up approaches for strategy development. This allows them to balance high-level strategic goals with input and insights from employees at all levels of the organization. They may also build strategic criteria into their project selection tools, but this is not the only or predominant approach they use. Additionally, top-performing firms do not rely only on financial criteria when selecting projects, as they recognize that non-financial criteria such as risk, innovation, and customer impact are also important factors to consider.

Which of the Following Is True of Top-Performing Firms