The group of managers charged with the responsibility to develop and implement a firm's strategies is best known as
A) the general management committee
B) the board of directors
C) the top management team
D) a stakeholder group

Question

Quizplus · Accepted Answer

The top management team is responsible for developing and implementing a firm's strategies. This team typically consists of the CEO, COO, CFO, and other high-level executives within the organization. The board of directors provides oversight and guidance, while the general management committee and stakeholder groups may also have input in the strategy development process, but the top management team ultimately has the responsibility for creating and executing the firm's overall strategic direction.

The Group of Managers Charged with the Responsibility to Develop