Crafting and executing strategy are top-priority managerial tasks because
A) working their way through the tasks of crafting and executing strategy helps top executives create tight fits between a company's strategic vision and business model.
B) all company personnel, and especially senior executives, need to know the answer to "who are we, what do we do, and where are we headed?"
C) there is a compelling need for managers to proactively shape how the company's business will be conducted and because a strategy-focused enterprise is more likely to be a stronger bottom-line performer than a company whose management views strategy as secondary and puts its priorities elsewhere.
D) without clear guidance as to what the company's business model and strategic intent are, managerial decision-making is likely to be rudderless.
E) how well executives perform these tasks are the key determinants of executive compensation.

Question

Quizplus · Accepted Answer

Crafting and executing strategy are critical managerial tasks because they help shape the company's direction, provide a clear sense of purpose, and help leaders make proactive decisions. Strategy-focused companies are more likely to be top-performing companies than those whose management views strategy as a secondary priority. Thus, it is important to prioritize crafting and executing strategy to ensure the long-term success of the company.

Crafting and Executing Strategy Are Top-Priority Managerial Tasks Because