A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because
A) changes in strategy often require resource reallocation, and organizational units need the proper funding to carry out their part of the strategic plan effectively and efficiently.
B) accurate budgets are the key to exercising tight financial controls over what organization units can and cannot do in carrying out management's directives to execute the chosen strategy proficiently.
C) tight budget control is management's most powerful tool for first-rate strategy execution.
D) lean, carefully managed budgets protect the company's financial condition and eliminate the wasteful use of cash.
E) lean, strictly enforced budgets are management's best and most used means of getting organizational units to exercise the fiscal discipline needed to execute the chosen strategy in a cost-efficient manner.
Correct Answer:
Verified
Q11: Managers charged with implementing and executing strategy
Q12: NOT among the reasons that Wegmans Food
Q13: Apple decides to reallocate resources by curtailing
Q14: Prescribing policies and operating procedures aids the
Q15: In 2013, Google decided to kill its
Q17: In prescribing policies and procedures that facilitate
Q18: From a strategy-implementing/strategy-executing perspective, operating budget allocations
Q19: Imagine you are a consultant to a
Q20: Cavco Construction divests funds from its commercial
Q21: Total quality management (TQM)
A)entails creating a total
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents