For Firms Facing Complex and Turbulent Business Environments

question 32

Multiple Choice

For firms facing complex and turbulent business environments

• A) goals and objectives that are uncertain prevent opportunism.
• B) traditional strategic controls are usually inappropriate.
• C) complacency about predetermined milestones can prevent adaptability.
• D) detailed plans are needed to maintain order.

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Definitions:

Business Plan

A detailed document describing the nature of the business, its sales and marketing strategy, financial background, and projected profit and loss statement.

Review And Evaluation

The process of examining and assessing a system, process, or performance, often for improvement or accountability purposes.

Optimum Length

The most favorable or effective size or duration of something, based on specific objectives, conditions, or requirements.

Business Plan

A detailed document outlining the objectives of a business, strategies to achieve them, and the timeframe for success.