chapter07 - CHAPTER 7 Implementing Strategies: Management...

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CHAPTER 7 Implementing Strategies: Management Issues True/False The Nature of Strategy Implementation 1. A difference between strategy formulation and strategy implementation is that formulation focuses on effectiveness and implementation focuses on efficiency. Ans: T Page: 236 2. The only participants needed in strategy-implementation decisions are top managers. Ans: F Page: 236 3. Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action. Ans: F Page: 236 4. Strategy formulation occurs at all hierarchical levels, whereas strategy implementation occurs primarily at the corporate level of an organization. Ans: F Page: 236 5. Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many. Ans: T Page: 236 6. It is always easier to say you are going to do something (strategy formulation) than to actually do it (strategy implementation). Ans: T Page: 236 7. Small, large, profit, or nonprofit organizations differ in their use of the basic activities required for effective strategy formulation (conduct research, integrate intuition with analysis and make decisions). Ans: F Page: 236 129
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8. Whereas strategy formulation is more operational, strategy implementation is largely an intellectual process. Ans: F Page: 236 9. Unlike strategy formulation, strategy implementation varies considerably among different types and sizes of organizations. Ans: T Page: 236 10. The primary role of strategists is strategy formulation, and therefore they do not need to be involved in implementation. Ans: F Page: 237 11. Top managers often do not actively support implementation efforts, which can be detrimental to strategic management. Ans: T Page: 238 12. All functional areas of business are impacted by strategy implementation. Ans: T Page: 238 13. A top-down flow of communication is essential for developing bottom-up support. Ans: T Page: 238 14. Successful strategy implementation requires commitment and support from lower- level managers. Ans: T Page: 238 15. There should be an appropriate number of annual objectives associated with each stated long-term objective. Ans: T Page: 238 16. A centralized activity of top management is establishing objectives. Ans: F Page: 238 17. Objectives are the major instrument for monitoring progress in an organization. Ans: T Page: 238 130
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18. Establishing annual objectives is a decentralized activity that directly involves all managers in an organization. Ans: T Page: 238 19. Annual objectives are key components in the strategic-management process because they dictate how resources will be allocated. Ans: T
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chapter07 - CHAPTER 7 Implementing Strategies: Management...

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