An organization's ____ is composed of the key individuals who are responsible for selecting and implementing the firm's strategies.

Question

Quizplus · Accepted Answer

The top management team refers to the group of high-ranking executives who are responsible for making strategic decisions and implementing those decisions. They are influential in shaping the direction of the organization and play a crucial role in ensuring the success of the firm's operations. The Board of Directors is responsible for overseeing and providing guidance to the management team, but they are not directly responsible for selecting and implementing the strategies themselves. Keiretsu refers to a business network of interlocking firms, and governance circle is not a commonly used term in the context of organizational decision-making.

An Organization's ____ Is Composed of the Key Individuals Who