Strategy Formulation and Implementation

Not allocating resources according to the priorities indicated by approved objectives is detrimental to the strategic-management process.

Conflict of any kind is avoidable in organizations.

A divisional structure groups tasks and activities by business function.

With a divisional structure, it is possible that competition between divisions may become so intense that it leads to the improved sharing of ideas and resources for the common good of the firm.

In a matrix structure, functional resources are not duplicated.

Restructuring is also called rightsizing.

Effective strategy formulation can guarantee successful strategy implementation.

Strategy formulation and implementation require the same level of coordination among individuals.

It is always easier to implement a strategy than to formulate it.

Annual objectives are not important in the strategic-management process.

Horizontal consistency is more important than vertical consistency in developing annual objectives.

Policies are not necessary to support and encourage work toward stated goals.