Which of the following is one of the eight principal managerial components associated with the process of implementing and executing strategy?Multiple Choiceallocating ample resources to strategy-critical activitiesshifting from decentralized to centralized decision making so as to give senior executives more authority and control in driving cultural changeimplementing a management development plan to groom future executivesstaffing solely with personnel below the age of 35 who have college degrees and a grade point average of 3.0 or betteradopting best practices and business processes to drive continuous improvement in activities that encompass strategy execution

Which of the following is not a major element of the strategic management process?*Implementing strategyFormulation strategyAssigning administrative tasksEvaluating strategy

Formulation of strategies and their implementation in a strategic managementprocess is undertaken by-(a) Top level executives(b) Middle level executives(c) Lower level executives(d) All of the above

Which of the following are steps in the planning process?Multiple select question.Implementing organizational strategyDetermining the firm's mission and goalsFormulating strategies to achieve the goalsPerforming SWOT analysesEstablishing the organizational controls

The stage of strategic management that involves the planning and decision making that lead to the establishment of the organisation’s goals and of a specific strategic plan is termed:Question 3Answera.strategy initiationb.strategy implementationc.strategy executiond.strategy formulatione.none of these choices

Executing strategies formulated in the past is:a breakdown of the strategy process.outdated and doomed to failure.not considered a standard practice.part of the strategic management process.