The strategy$-$making, strategy$-$executing process is shaped by

Group of answer choices

the decisions made by the compensation and audit committees of the board of directors.

the challenges of developing a sound business model.

management's strategic vision, strategic and financial objectives, and strategy.

external factors such as the industry's economic and competitive conditions and internal factors such as the company's collection of resources and capabilities.

top executives and the board of directors; very few managers below this level are involved in the process.