A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because
A) changes in strategy often require resource reallocation and organizational units need the proper funding to carry out their part of the strategic plan effectively and efficiently.
B) accurate budgets are the key to exercising tight financial controls over what organization units can and cannot do in carrying out management's directives to execute the chosen strategy proficiently.
C) tight budget control is management's most powerful tool for first-rate strategy execution.
D) lean, carefully managed budgets protect the company's financial condition and eliminate wasteful use of cash.
E) lean, strictly enforced budgets are management's best and most used means of getting organizational units to exercise the fiscal discipline needed to execute the chosen strategy in a cost-efficient manner.
Correct Answer:
Verified
Q5: Which one of the following is not
Q6: Managers charged with implementing and executing strategy
Q8: A "best practice"
A) is a technique for
Q9: The backbone of identifying,studying,and implementing best practices
Q11: Because functional organization structures often result in
Q12: Which of the following is not a
Q13: A "best practice" refers to
A) a policy
Q14: Visible actions to reallocate operating funds and
Q15: Prescribing policies and operating procedures aids the
Q90: A useful guideline in designing strategy-facilitating policies
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