Which term describes implementing the strategy set, efficiently and effectively?

Which term describes implementing the strategy set, efficiently and effectively?

• A. Operational Decisions
• B. Strategic Decisions
• C. Managerial Decisions
• D. Financial management decisions

Answer: (C)

When a strategy has been set, turning it into action across the organisation requires coordinating and directing resources, processes, and people to ensure the plan is carried out effectively and with appropriate efficiency. This is what managerial decisions are all about: guiding the organisation to implement the chosen strategy by planning, controlling, and directing activities to achieve the objectives. Strategic decisions define where the organisation will go; operational decisions deal with day-to-day execution; financial management decisions focus on funding and financial control.

When a strategy has been set, turning it into action across the organisation requires coordinating and directing resources, processes, and people to ensure the plan is carried out effectively and with appropriate efficiency. This is what managerial decisions are all about: guiding the organisation to implement the chosen strategy by planning, controlling, and directing activities to achieve the objectives. Strategic decisions define where the organisation will go; operational decisions deal with day-to-day execution; financial management decisions focus on funding and financial control.