The principal managerial components of the strategy execution process include:
A) deciding how much to spend on employee training.
B) instituting policies and procedures that facilitate strategy execution and tying rewards and incentives to the achievement of strategic and financial targets.
C) doing an effective job of empowering employees.
D) revamping the value chain in a manner calculated to maximize operating efficiency.
E) selecting a capable top management team.

Question

Quizplus · Accepted Answer

Instituting policies and procedures that facilitate strategy execution and tying rewards and incentives to the achievement of strategic and financial targets are essential components in ensuring successful execution of the strategy. This helps in aligning the efforts of employees towards achieving the company's goals. Deciding how much to spend on employee training, empowering employees, revamping the value chain, and selecting a capable top management team, while important, are not the principal managerial components of the strategy execution process.

The Principal Managerial Components of the Strategy Execution Process Include