STR 581: Ch. 10: Building an Organization Capable of Good Questions & Answers Solved 100% Correct!!

Which of the following statements accurately describe the process of executing a business strategy? - Answer-1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to build an organization capable of good strategy execution? - Answer-1. developing strong management and finding the right employees for the organization 2. implementing sound structure within the organization 3. finding and growing the needed resources and skills necessary for strong strategy execution True or false: when implementing a new strategic initiative, business managers rarely encounter resistance to change. - Answer-false The process fo executing strategy ______ - Answer-usually involves all value chain activities True or false: when executing strategy, managers make use of a basic action agenda that serves as a recipe for successful strategy execution. - Answer-false Which of the following statements best describes the process of crafting a business strategy? - Answercrafting a business strategy is based on the analysis of market conditions and the company's resources Which of the following are basic managerial tasks associated with executing business strategy? - Answer- 1. linking incentives to achieving the financial goals of the strategy 2. creating a culture within the organization that promotes effective strategy execution 3. installing systems that allow personnel to carry out their roles in the strategy execution process Staffing the organization of a company involves - Answer-assembling a management team and hiring employeesWhen implementing a business strategy, a manager needs the skill to ___ - Answer-1. build a consensus and keep projects moving 2. integrate the work of different groups into a cohesive whole Which of the following groups are involved in executing a new business strategy? - Answer-1. mid-level managers 2. senior managers When devising an action agenda, each manager within an organization needs to determine ____. - Answer-1. how to accomplish the various things that must get done in order to execute the strategy 2. what needs to be accomplished in his or her area of responsibility in order to carry out the strategy Which of the following statements regarding the execution of a strategy are true? - Answer-1. many of the policies and procedures in a business strategy need to be customized to fit the particulars of a company's situation 2. some managers have more success than other managers with certain approaches to implementing strategy Which of the following statements about executing business strategy is the most accurate? - Answercertain managerial tasks must always be carried out in order to execute strategy effectively. In small organizations, top managers are typically required to ______. - Answer-establish action steps and interact directly with frontline managers and employees. True or false: when implementing a new strategic initiative, business managers rarely encounter resistance to change ______. - Answer-false When setting an action agenda for implementing a business strategy, a business manager should being by ______. - Answer-assessing what the organization needs to do differently in order to carry out the strategy When assembling a strong management team, it is crucial to fill positions with people who ______. - Answer-1. are clear thinkers2. have experience delivering results The bigger the corporation, the more strategy execution depends on _____ - Answer-operating managers who direct the implementation of changes at the lower levels of the company Managers who possess the skill required to implement strategy are not afraid to _____. - Answer-ask incisive questions Obtaining a critical mass of managerial talent is important because _______. - Answer-a highly capable managerial team is likely to exchange ideas and propose sound operational improvements