Question: Question 10 5 pts The strategy formulation, strategy execution process is primarily the responsibility of top executives and the board of directors; very few managers

Question 10 5 pts The strategy formulation,

Question 10 5 pts The strategy formulation, strategy execution process is primarily the responsibility of top executives and the board of directors; very few managers below this level are involved. is usually delegated to members of a company's board of directors so as not to infringe on the time of busy executives. embraces the tasks of developing a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy, and then monitoring developments and initiating corrective adjustments in light of experience, changing conditions, and new opportunities. includes establishing a company's mission, developing a business model aimed at making the company an industry leader, and crafting a strategy to implement and execute the business model. O is principally concerned with sizing up an organization's internal and external situation, so as to be prepared for the challenge of developing a sound business model

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