Mediocre execution of a powerful strategy is a proven recipe for winning in the marketplace. Explain your answer.

Question

Quizplus · Accepted Answer

Crafting and executing strategy are core management functions. Among all the things managers do, nothing affects a company's ultimate success or failure more fundamentally than how well its management team charts the company's direction, develops competitively effective strategic moves and business approaches, and pursues what needs to be done internally to produce good day-in, day-out strategy execution and operating excellence. Instead, good strategy and good strategy execution taken together are the most telling signs of good management.

Mediocre Execution of a Powerful Strategy Is a Proven Recipe