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)a change in strategy nearly always calls for budget reallocations and resource shifting.
B)accurate budgets are the key to exercising tight financial controls over organizational units.
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 wasteful use of cash.
E)lean,strictly enforced budgets are management's best and most used means of getting organizational units to exercise fiscal discipline.

Question

Quizplus · Accepted Answer

A change in strategy often requires changes in budget and resources allocation to support the new initiatives. Therefore, a company's ability to marshal and reallocate resources is critical for successful strategy execution. Tight budget control and fiscal discipline are also important, but they are not the primary reasons why a company needs to be able to allocate resources effectively to support new strategic initiatives.

A Company's Ability to Marshal Adequate Resources in Support of New