Which of the following is not accurate as concerns who is involved in crafting a company's strategy?

Ultimate responsibility for leading the strategy$-$making task rests with the chief executive officer.

A large enterprise's overall strategy is really a collection of strategic initiatives and actions devised by managers $($and sometimes key employees$)$ up and down the whole organizational hierarchy.

The larger and more diverse the operations of an enterprise, the more points of strategic initiative it has and the more levels of management that have a significant strategy$-$makinarole.

It is flawed thinking to view crafting and executing strategy as something only high$-$level executives do$.$

Most strategy$-$making is done by top$-$ranking executives and the members of a company's board of directors, with board members generally taking the lead role.