Why Are Crafting and Executing Business Strategies the Foremost Tasks

Multiple Choice

Why are crafting and executing business strategies the foremost tasks of any organization?

A) Because they are necessary ingredients of a sound operational business model
B) Because a good strategy coupled with a good strategy execution are the most telling signs of good management and allow a company to be a standout performer in the marketplace
C) Because the management skills of top executives are sharpened as they work their way through the strategy-making, strategy-executing processes
D) Because doing these tasks helps executives develop an appropriate strategic vision, strategic intent, and set of strategic objectives
E) Because of the contribution they make to maximizing value for shareholders