All of the Following Are Reasons to Be Completely Open

question 86

Multiple Choice

All of the following are reasons to be completely open as opposed to secretive with the strategy process EXCEPT

• A) managers, employees, and other stakeholders can readily contribute to the process.
• B) stakeholders have greater basis for understanding and committing to a firm that is open.
• C) visibility promotes democracy, whereas secrecy promotes autocracy.
• D) participation and openness enhance understanding, commitment, and communication within the firm.
• E) openness limits rival firms from imitating or duplicating the firm's strategies.

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Definitions:

System-1 Decision

Fast, automatic, intuitive responses or decisions, as categorized by dual-process theory in cognitive psychology.

Deliberating

The process of thoughtfully considering various aspects or options before making a decision.

System-1 Thinking

A fast, automatic, intuitive, and emotional way of thinking and decision-making, contrasted with more deliberate and logical System-2 thinking.

Situational Cues

Environmental or contextual signals that influence an individual's behavior, perception, or decision-making in specific situations.