CHAPTER 7 - CHAPTER 7 Implementing Strategies: Management...

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CHAPTER 7 Implementing Strategies: Management Issues True/False The Nature of Strategy Implementation <!--[if !supportLists]-->1. <!--[endif]-->A difference between strategy formulation and strategy implementation is that formulation focuses on effectiveness and implementation focuses on efficiency. Ans: T Page: 236 <!--[if !supportLists]--> 2. <!--[endif]--> The only participants needed in strategy- implementation decisions are top managers. Ans: F Page: 236 <!--[if !supportLists]--> 3. <!--[endif]--> 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 <!--[if !supportLists]-->4. <!--[endif]-->Strategy formulation occurs at all hierarchical levels, whereas strategy implementation occurs primarily at the corporate level of an organization. Ans: F Page: 236 <!--[if !supportLists]-->5. <!--[endif]-->Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many. Ans: T Page: 236 <!--[if !supportLists]-->6. <!--[endif]-->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 <!--[if !supportLists]-->7. <!--[endif]-->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 <!--[if !supportLists]--> 8. <!--[endif]--> Whereas strategy formulation is more operational, strategy implementation is largely an intellectual process. Ans: F Page: 236 <!--[if !supportLists]--> 9. <!--[endif]--> Unlike strategy formulation, strategy implementation varies considerably among different types and sizes of organizations. Ans: T Page: 236 <!--[if !supportLists]-->10. <!--[endif]-->The primary role of strategists is strategy formulation, and therefore they do not need to be involved in implementation. Ans: F Page: 237
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<!--[if !supportLists]-->11. <!--[endif]-->Top managers often do not actively support implementation efforts, which can be detrimental to strategic management. Ans: T Page: 238 <!--[if !supportLists]--> 12. <!--[endif]--> All functional areas of business are impacted by strategy implementation. Ans: T Page: 238 <!--[if !supportLists]-->13. <!--[endif]-->A top-down flow of communication is essential for developing bottom-up support. Ans: T Page: 238 <!--[if !supportLists]--> 14. <!--[endif]--> Successful strategy implementation requires commitment and support from lower-level managers. Ans: T
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This note was uploaded on 05/27/2011 for the course BUSINESS 401 taught by Professor Dr.rams during the Spring '11 term at Kentucky State University.

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CHAPTER 7 - CHAPTER 7 Implementing Strategies: Management...

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