Question

Strategy making is _______.(A) more of a collaborative group effort that involves all managers and sometimes key employees, as opposed to being the function and responsibility of a few high-level executives.(B) first and foremost the function and responsibility of a company's strategic planning staff.(C) primarily the responsibility of key executives rather than a task for a company's entire management team.(D) first and foremost the function and responsibility of a company's board of directors.

Answer 1

Answer:

The correct answer is letter "A": more of a collaborative group effort that involves all managers and sometimes key employees, as opposed to being the function and responsibility of a few high-level executives.

Explanation:

Managers should focus on flattening the hierarchy of the company to listen to what key employees have to say about what course the firm should take to ensure sustainability, efficiency and maximize profits. This strategy does not necessarily mean the decisions will be decentralized but imply considering the most important points of view of workers whose day-to-day is closely related to the operations of the business.