Which of the following most accurately describes the task of crafting a company's strategy?
A) In most companies, strategy-making is the exclusive province of top management-owner-entrepreneurs, CEOs, and other very senior executives.
B) The more a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants.
C) A company's board of directors generally takes the lead role in crafting a company's strategy.
D) In most of today's companies, the lead strategy-making role is being assumed by an elite group of corporate entrepreneurs.
E) Masterful strategies are nearly always the product of brilliant corporate entrepreneurs.

Question

Quizplus · Accepted Answer

The statement describes the delegation of strategy-making authority to down-the-line managers who are in charge of specific areas within the company, which is a common practice in companies with diverse operations. Option A, C, D, and E are incorrect as they do not accurately describe the task of crafting a company's strategy.

Which of the Following Most Accurately Describes the Task of Crafting