What is the role and responsibility of a company's CEO in the strategy-making, strategy-executing process?
Please correct my answer.
My answer is below:
The CEO understands the external environment and develops appropriate and effective strategies that function within that environment, the resources to execute the strategy, and to monitor and evaluate performance against the strategy continually. Related to the allocation of Successful implementation of well-delineated strategies will yield excellent results. On the other hand, poorly executed unclear strategies always have dire consequences. Therefore, it is imperative that the management process is good and produces well-defined and well-defined strategies and the ability to execute them successfully. Therefore, the starting point is to form a good strategy.
Strategy execution is action-oriented, and the task of achieving things that include the following management capabilities: (I) direct organizational change, (ii) realize continuous improvement of operations and business processes, (iii) aims for excellence in operations, (iv) develop a culture that supports strategies, ( v) Achieve performance goals consistently. Also
Strategy execution, like any other action, must be part of the corporate culture. It is what drives successful companies in their direction. The formation of that culture is also the role and