Which of the following is NOT among the principal managerial components of the strategy execution process?

A. Tying rewards and incentives directly to the achievement of strategic and financial performance targets

B. Adopting best practices and employing process management tools to drive continuous improvement in how value chain activities are performed

C. Revamping the value chain in a manner that maximizes operating efficiency

D. Staffing the organization and developing the resources, capabilities, competencies, and organizational structure to execute strategy successfully

E. Ensuring that policies and procedures facilitate rather than impede strategy execution

Question

Business

Nyla Floyd

18 February, 07:29

Which of the following is NOT among the principal managerial components of the strategy execution process?

A. Tying rewards and incentives directly to the achievement of strategic and financial performance targets

B. Adopting best practices and employing process management tools to drive continuous improvement in how value chain activities are performed

C. Revamping the value chain in a manner that maximizes operating efficiency

D. Staffing the organization and developing the resources, capabilities, competencies, and organizational structure to execute strategy successfully

E. Ensuring that policies and procedures facilitate rather than impede strategy execution

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Answers (1)

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Adrienne · Answer 1

The incorrect statement is letter "A": Tying rewards and incentives directly to the achievement of strategic and financial performance targets.

Explanation:

The managerial strategy-execution process allows firms to come up with a well-established method to clarify, transmit, apply and handle their operations within the organization to reach the company's goals. The method aims to give the firm the highest efficiency possible while achieving its objectives.

Implementing employees' additional compensations is not part of this approach.