What does a good strategy execution require?
A) A team effort with all managers having strategy executing responsibility in their areas of authority,and making all employees active participants in the strategy execution process
B) Incremental changes to current operating practices be implemented to ensure existing resource capabilities are not impacted too severely
C) Little consensus building,despite the magnitude of the proposed changes,because employees know the benefits gained from the planning process
D) The strategy-critical value chain activities to be simplified so that all company personnel can be cognizant of the benefits of the execution parameters
E) Additional investments in capital projects rather than adding to a company's talent base and building intellectual capital

Question

Quizplus · Accepted Answer

A good strategy execution requires a team effort, with all managers being responsible for executing the strategy in their areas, and all employees actively participating in the process.

Answer: B, D, and E are incorrect.
 B is incorrect because sometimes incremental changes may not be enough to achieve the desired results, requiring major changes to current operating practices. D is incorrect because simplifying the strategy-critical value chain activities may not be possible in many cases. E is incorrect because investing in capital projects alone may not be sufficient to execute the strategy, and building intellectual capital is an essential requirement for long-term success.

What Does a Good Strategy Execution Require