Which of the following is NOT accurate regarding who is involved in crafting a company's strategy?

• A. Strategy crafting can involve collaboration across different departments.
• B. Employees at various levels can provide input into the strategic planning process.
• C. Only top management is responsible for crafting a company's strategy.
• D. Middle managers may contribute to strategy formulation in many organizations.

Answer: (C)

Verified step by step guidance

1. Understand the concept of strategy crafting: Strategy crafting is the process of developing a plan to achieve a company's long-term goals and objectives. It often involves input from various levels of the organization.
2. Analyze the statement 'Only top management is responsible for crafting a company's strategy': This implies that strategy formulation is solely the responsibility of top executives, excluding other levels of the organization.
3. Consider the role of collaboration: Strategy crafting typically involves collaboration across departments, as different perspectives and expertise contribute to a comprehensive plan.
4. Evaluate the involvement of employees at various levels: Employees, including middle managers, often provide valuable insights and contribute to the strategic planning process, especially in organizations that encourage participative decision-making.
5. Conclude that the statement 'Only top management is responsible for crafting a company's strategy' is NOT accurate, as strategy formulation often involves input from multiple levels and departments within the organization.