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) Strategic Management 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

Strategic Management is an integral part of crafting and executing the strategy as it involves the identification and analysis of the company's internal and external environment which helps in formulating the strategy, and it also involves the establishment of goals and objectives that act as yardsticks for measuring the company's progress and performance.

Answer: B
 Allocating resources is an important part of crafting and executing the strategy as it involves deciding how much of the company's resources such as finances, personnel, and time should be allocated towards the pursuit of sustainable competitive advantage.

Answer: E 
 Deciding on the company's strategic intent is an integral part of the managerial process of crafting and executing strategy as it involves establishing the direction and scope of the company's activities, and also helps in aligning the resources and capabilities of the company towards achieving its goals and objectives.

Which of the Following Is an Integral Part of the Managerial