Question

The task of crafting a company's strategy would not normally be described as which of the following?

a) In most companies, crafting strategy is a team effort, involving managers and often key employees at many organization levels.
b) Ultimate responsibility for leading the strategy-making task rests with the chief executive officer.
c) The task of crafting strategy is best done by a company's chief strategic planning officer, who should report directly to the company's CEO and board of directors.
d) It is the responsibility and duty of a company's board of directors to ensure that new strategy proposals can be defended as superior to alternatives and, ultimately, to approve or disapprove of the strategy formulated and proposed by the company's management.
e) In most of today's companies, every company manager has a strategy-making role, ranging from major to minor, for his or her area of responsibility.

Answer 1

The crafting of a company's strategy is a collaborative process involving many levels of the organization, not just the work of a singular chief strategic planning officer. The CEO leads the strategy-making task, while the board of directors oversees alignment with shareholder interests.

Step-by-step explanation:

The task of crafting a company's strategy would not normally be described as solely the responsibility of a chief strategic planning officer.

While it is true that the chief executive officer (CEO) has ultimate responsibility for leading the strategy-making process, and the board of directors ensures that strategies align with shareholder interests, strategy formulation is typically a collective team effort.

This includes contributions from managers and key employees at all levels within the company.

Everyone from various levels plays a part, with managers of different departments having varying degrees of involvement in strategy-making for their respective areas.

The concept that a single chief strategic planning officer would be the main architect of the company's strategy doesn't align with the broader, more integrative approach that most modern companies employ.