Which of the following statements about implementing and executing a new strategy is true?
A) The managerial tasks of implementing and executing a new strategy call 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; moreover, all employees are participants in the strategy execution process.
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 job for the whole management team and requires participation from all employees. While managerial talent and innovative thinking are important, it is not the only factor in executing a successful strategy. Financial goals are part of the execution process, but not the only focus. CEO vision and creativity are important, but again, not the only factor. Lastly, executing strategy is not a simpler or quicker task than crafting a strategy.

Which of the Following Statements About Implementing and Executing a New