What does a successful strategy execution require?
A)Little consensus building is required,despite the magnitude of the proposed changes,because employees know the benefits to be gained from the planning process.
B)A team effort is required,with all managers having strategy executing responsibility in their areas of authority and all employees should be active participants in the strategy execution process.
C)Additional investments in capital projects are necessary,rather than adding to a company's talent base and building intellectual capital.
D)Choices need to be made among broad or narrow low-cost and differentiation strategies to compete against one's rivals is a requirement.
E)Incremental changes to current operating practices should be implemented to ensure existing resource capabilities are not impacted too severely.

Question

Quizplus · Accepted Answer

Successful strategy execution requires a team effort with all managers having strategy executing responsibility in their areas of authority and all employees actively participating in the strategy execution process. This ensures that everyone is aligned towards the same goals and objectives and can contribute to the successful implementation of the strategy. Consensus building and incremental changes may also be necessary, but these are not sufficient on their own without a coordinated team effort. Additional investments in capital projects may not be necessary and can sometimes detract from building intellectual capital and talent within the organization. Choices between broad or narrow low-cost and differentiation strategies may also be important, but these are strategic choices that need to be made before execution can begin.

What Does a Successful Strategy Execution Require