Question

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

Answer 1

Executing strategy is a collective process that involves the entire management team and all employees, not just top executives or a few senior managers.

Step-by-step explanation:

Among the statements about implementing and executing a new strategy, the true one is that 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. This captures the essence that the implementation of a strategy is not an isolated task but a collaborative venture that requires the involvement and commitment of all levels within the organization, from the CEO to the frontline employees. The statement emphasizes the universality of the strategy execution process and the collective responsibility in achieving the strategic goals set by the organization.