Which of the following statements about the practice of strategic management is correct?
A) Strategy is the exclusive concern of the CEO and top management team and typically no one else is involved in strategic decisions.
B) Strategic planners may have a formal responsibility for co-ordinating the strategy making process and play a crucial role in analysis and disseminating thinking on strategy within an organisation.
C) External strategy consultants typically have little access to the CEO but a high level of responsibility for implementing strategic change.
D) Strategy workshops are most useful when the urgency of change is high.

Question

Quizplus · Accepted Answer

Strategic management is a collaborative process that involves a range of people within and outside an organization. While the CEO and top management team are usually responsible for setting the overall direction of the organization, strategic planners have a formal responsibility for co-ordinating the strategy making process, and they play a crucial role in analysis and disseminating thinking on strategy within an organization. External strategy consultants may be involved in developing and implementing strategies, but they typically have limited access to the CEO. Strategy workshops can be useful in a range of situations, not just when the urgency of change is high.

Which of the Following Statements About the Practice of Strategic