Implementing and executing a company's strategy
A)is primarily the job of the company's board of directors since they direct the actions and policies of the top senior executives in executing the strategy.
B)is a task for every manager and the whole management team, but ultimate responsibility for success or failure falls upon the top senior executives, especially the chief executive officer of the company.
C)is primarily a responsibility of all company personnel because all personnel are active participants in the strategy execution process and their actions have a huge impact on the ultimate outcome.
D)should be delegated to a chief strategy implementer appointed by the chief executive officer.
E)is primarily a task for middle and lower-level managers because it is they who have responsibility for pushing the needed changes all the way down to the lowest levels of the organization.

Question

Quizplus · Accepted Answer

While all managers and employees have a role in executing a company's strategy, the ultimate responsibility for success or failure falls upon the top senior executives, especially the CEO. The board of directors plays a role in directing the actions of these senior executives, but execution of the strategy is primarily the responsibility of the management team. Delegating this responsibility to a chief strategy implementer is not practical or effective, and middle and lower-level managers alone do not have the authority or resources to ensure successful implementation.

Implementing and Executing a Company's Strategy