Question

It is necessary and advisable to have management from all levels participate in the strategy process because _______ 1. it enables the organization to gain insights as to what work needs to be done and to gain cooperation during the strategy implementation phase. 2. collective bargaining agreements often mandate worker participation. 3. it is part of the job responsibilities of managers to provide input regarding their respective areas of expertise. 4. it is a legal requirement.

Answer 1

Answer: 1^st option

Strategy is a plan that gives benefit in the long-run. Formulating and implementing a strategy require mutual share and cooperation. Representatives of all levels must participate in it, because a strategy covers the whole organization. It ultimately is a process of gaining insights.

Example: suppose a strategy is taken by an organization to reduce cost for increasing profits. Each and every department should participate in the meeting for discussing how to reduce cost – what are the ways (suppose welfare expense in each department could be reduced). Such participation helps to develop a strong strategy.