The primary mechanisms through which companies translate strategic plans into action are:
A)Statements of vision and mission.
B)Operating plans and capital expenditure budgets.
C)CEO leadership.
D)Resolutions by the board of directors.

Question

Quizplus · Accepted Answer

Operating plans and capital expenditure budgets are the most direct and practical ways for companies to turn their strategic plans into actionable steps. These plans outline specific goals, timelines, and resource allocations, and serve as a roadmap for managers and employees to execute the company's strategy. While vision and mission statements, CEO leadership, and board resolutions can provide guidance and direction, they are often too abstract or high-level to directly drive action within the company.

The Primary Mechanisms Through Which Companies Translate Strategic Plans into Action