As discussed in the Chapter 3 Strategic Focus, CEOs of companies such as Viacom, the Oprah Winfrey Network, the Gap, and Cisco frequently had to make decisions about __________________ and the success of those decisions affected the tenure of those CEOs.
A) how to please customers
B) how to best rivals
C) use of the firm's resources
D) their method of compensation

Question

Quizplus · Accepted Answer

The CEOs had to make decisions about the use of the firm's resources, such as investing in new products, expanding into new markets, or acquiring other companies. The success of these decisions would impact the financial performance of the company and ultimately affect the CEO's job security. Pleasing customers and competing with rivals are important aspects of business strategy, but they are not the specific focus of the question. Method of compensation may also be a factor in some cases, but it is not mentioned as a major consideration in the question.

As Discussed in the Chapter 3 Strategic Focus, CEOs of Companies