Question

Question 25 Next > < Previous Which of the following statements about the task of crafting a company's strategy is most accurate? In most of today's companies (especially large enterprises), strategy is the product of a senior executive team that consists of the chief executive officer, the chief operating officer, the chief finance officer, the chief marketing officer, and, on occasions, a few other top-level executives. A company's board of directors generally takes the lead role in crafting a company's strategy. The more that 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, divisions, product lines, geographic sales offices, distribution centers, and plants. In most companies, strategy-making is the exclusive province of top-level managers-- owner-entrepreneurs, CEOs, and perhaps other very senior executives. The task of crafting strategy is best done by a company's chief strategic planning officer who reports directly to the company's CEO and board of directors and must gain their approval before implementing all proposed strategy elements and initiatives. OR nnnnnnnnnnnnnnnnnnn Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Convriaht 2020 hv Gin-Bus Stware Inc

Answer 1

Answer : in most company strategy making is the exclusive province of top level managers,owners, entrepreneurs , CEO and perhaps the very senior executive.

The board of directors of a company e usually makes the policies objectives the strategy making is upon the top level management.