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,therefore,directing the proper amounts of resources to strategy-critical organizational units because they 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 organizational units.
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 fiscal discipline.
Correct Answer:
Verified
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