Question

The _____ component of the strategic management process consists of structuring the organization, allocating resources, ensuring that the firm has skilled employees in place, and developing reward systems that align employee behavior with the organization's strategic goals.

Answer 1

Answer:

The correct answer is letter "B": Strategy implementation.

Explanation:

Strategy implementation refers to the practice of a project or plan a company has come up with in the attempt if introducing a new product to the market, adjusting a production process to maximize efficiency or implement a new set of actions that could potentially benefit the firm's revenue.

This plan involves the company allocating capital, labor, and equipment and keeping employees motivated so their goals, as well as the company's objectives, can be reached.