Which of the following statements about implementing and executing a new strategy is true?
A) Executing strategy calls for essentially the same kinds of creative management talent and innovative thinking as does crafting strategy.
B) Executing strategy is chiefly a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C) Executing strategy is a job for a company's whole management team, not just a few senior managers.
D) Executing strategy depends heavily on the caliber of a CEO's business vision, industry and competitive analysis skills, and entrepreneurial creativity.
E) Executing strategy tends to be a simpler, quicker management task to perform as compared to crafting a winning strategy.

Question

Quizplus · Accepted Answer

Executing strategy is a complex process that involves the entire management team, not just a few senior managers. It requires a coordinated effort of all departments and employees to ensure that the strategy is effectively implemented. The success of strategy execution depends on the ability to translate the strategic vision into action across the company. While crafting strategy requires creative management talent and innovative thinking, executing strategy depends on the ability to coordinate resources, align incentives, and monitor progress towards achieving strategic objectives.

Which of the Following Statements About Implementing and Executing a New