Which of the following is an integral part of the managerial process of crafting and executing strategy?
A)Developing a proven business model
B)Setting objectives and using them as yardsticks for measuring the company's performance and progress
C)Deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage
D)Communicating the company's mission and purpose to all employees
E)Deciding on the composition of the company's board of directors

Question

Quizplus · Accepted Answer

Setting objectives and using them as yardsticks for measuring the company's performance and progress are integral parts of the managerial process of crafting and executing strategy. This helps to ensure that the company is moving in the right direction and making progress towards its goals. While the other choices are important considerations, they are not as directly related to the crafting and execution of strategy.

Which of the Following Is an Integral Part of the Managerial