Question

What role does the company’s CEO play in establishing the competitive strategy and how does this “trickle down,” when it comes to the organization’s structure and culture?

Answer 1

Chief Executive Officer of a business is the senior leader in the executive group that supervises of executing the strategy that the board of directors get ready for the business. As the leader of the execution team, The CEO plays an essential function in the development of the competitive strategy of the firm. He overviews and also helps the board participants and the other competitive strategy development entities in the company. Chief Executive Officer has a functional idea about the concerns that the company deals with and also the restrictions and chances that the market supplies. Therefore his advice matters when the competitive strategy of the organization is developed. The competitive strategy is the plan that the business takes while running at the industry. Chief Executive Officer aids in creating this guidebook as well as making the board of directors comprehend about the concerns faced by the company and the methods that can assist in creating a competitive advantage. The Chief Executive Officer as a leader of the executive team then interacts the competitive strategy to the reduced management degree as well as motivates them to apply it. He additionally keeps track of the normal progress of the strategy by observing its execution at lower degrees. This is just how the strategy moves from top to bottom inside the organization or trickles down the organization.