Putting together a capable top management team

a. is important in building an organization capable of proficient strategy execution but is nearly always less crucial than doing a superior job of training and retraining employees.

b. is particularly important when the firm is pursuing unrelated diversification or making a number of new acquisitions in related businesses.

c. is particularly essential for executing a strategy to keep a company's costs lower than rivals' and become the industry's low-cost leader.

d. entails filling key managerial slots with people who are good at figuring out what needs to be done and skilled in making it happen and delivering good results.