Answered: Why is it necessary for top management… | bartleby

Management, Loose-Leaf Version

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter8: Strategy Formulation And Execution

Section: Chapter Questions

Problem 1SGB

See similar textbooks

Related questions

Question

Why is it necessary for top management to communicate strategy to lower levels?

Answer in 20 minutes

Expert Solution

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Blurred answer

Similar questions

Why is it necessary for top management to communicate strategy to lower levels?
Why is it necessary for senior management to communicate strategy to lower levels?
Jobs was at the center of all of Apple’s key decisions over the last decade and a half. Jez Frampton, group CEO of Interbrand says, “Now the worry is the organization has to rewire itself and learn how to make decisions on its own.” Should Apple become more participative, involving more managers and employees, or continue to use Jobs centralized approach to decision making, which was less participative and highly influenced by the founder and former CEO?
Hi, could you help me answer a question, it would help me with my understanding of the subject. “Can you discuss the differences between corporate-level strategy and business-level strategy. can you use examples to illustrate and support it please? Would you be able to answer this question in about 1250 words, please? Thanks in advance
1-Why top level managers require more conceptual skills? 2-Why lower level managers require more technical skills. 3-Why Human Skills are required equally at all| levels?
Styles 7. You are the CEO of an up-and-coming toy company and have plans to go international soon. What steps would you take to carry out that strategy? What areas would you stress in your decision-making process? How would you organize your company? Jan 31, 2022, 7:56 PM Soed te go
01) Which of the following is not one of the four primary management functions? A) controlling B) planning C) staffing D) organizing E) leading 02) As a manager, one of Joe's duties is to present awards to outstanding employees within his department. Which Mintzberg managerial role is Joe acting in when he does this? A) leadership role B) liaison role C) monitor role D) figurehead role E) spokesperson role 5) Managers need to have three essential skills in order to reach their goals. What are these skills? A) technical, decisional and interpersonal B) technical, human, and conceptual C) interpersonal, informational and decisional D) conceptual, communication and networking E) human, informational and communication 6) According to Luthans' research, successful managers, meaning those that were quickly promoted, spent more of their time on ____than on any other activity. A) traditional management B) human resource management C) networking D)…
The managerial task of implementing strategy primarily falls upon the shoulders of O a company's CEO and, to a lesser extent, its COO. O the heads of major organizational units, principally vice-presidents and major department heads. O first-line supervisors who have day-to-day responsibility for seeing that key activities are done properly. O all managers, each attending to what needs to be done in their area or part of the organization.
What is the Insights? Three Cs of Implementing Strategy Ask most organizational leaders about their areas of focus and you will hear that strategy is among their highest priorities. Unfortunately, too often leaders pour their energy and resources into formulating strategy and spend too little time figuring out how to implement that strategy throughout the organization. Strategies are frequently created, perhaps not in an ivory tower, but often at a nice resort or conference center, by a small group of people who have been well fed and cared for in the process. Those strategies are typically beautiful, and display particularly well in PowerPoint. (I’ve never seen a strategy fail in the boardroom.) Unfortunately, most leaders fail—not in the formulation of strategy, but in its implementation. To successfully execute an organization’s strategy, it must be the focus of every person in that organization. It is up to the leaders to create, monitor, and reward that focus as it is expressed.…
Crafting and executing strategy are thus core management tasks. Among all the things managers do, nothing affects a company’s ultimate success or failure more fundamentally than how well its management team charts the company’s direction, develops competitively effective strategic moves, and pursues what needs to be done internally to produce good day-in, day-out strategy execution and operating excellence. Indeed, good strategy and good strategy execution are the most telling and trustworthy signs of good management. The rationale for using the twin standards of good strategy making and good strategy execution to determine whether a company is well managed is therefore compelling: The better conceived a company’s strategy and the more competently it is executed, the more likely the company will be a standout performer in the marketplace. In stark contrast, a company that lacks clear-cut direction has a flawed strategy, or can’t execute its strategy competently is a company whose…
True or False Middle managers determine the firm's strategy. In business, plant managers and department heads would be classified as top management. Managers can be classified in two ways: according to their level within an organization and according to their area of management. Analytic skills allow a manager to see "the big picture" and understand how the various parts of an organization can fit together.
Well-conceived policies and operating procedures facilitate good strategy execution by Question 14 options: leaving it up to employees regarding how things are to be done. removing roadblocks to creativity and innovation. fostering a work climate that preserves the status quo whenever possible. enforcing consistency in how strategy-critical activities are performed. channeling individual and group efforts along a strategy-supportive path.

SEE MORE QUESTIONS

Recommended textbooks for you

Management, Loose-Leaf Version

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

Management, Loose-Leaf Version

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS