Which of the following is an integral part of the managerial process of crafting and executing strategy?
A) Developing a proven business model
B) Deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage
C) Setting objectives and using them as yardsticks for measuring the company's performance and progress
D) Communicating the company's values and code of conduct to all employees
E) Deciding on the company's strategic intent

Question

Quizplus · Accepted Answer

Setting objectives is a key part of crafting and executing strategy. Objectives provide direction and focus for the organization, and serve as yardsticks for measuring performance and progress towards strategic goals. Choices A, B, D, and E are also important considerations in strategy development, but do not represent integral parts of the managerial process.

Which of the Following Is an Integral Part of the Managerial