An Organisation Needs to Plan a Rapid Reaction to a Competitor's

question 43

Multiple Choice

An organisation needs to plan a rapid reaction to a competitor's pricing move. Which of the following approaches is probably best?

• A) A small, special project team
• B) Strategic conversation by managers throughout the organisation
• C) A strategy workshop
• D) Discussion by marketing and finance managers

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Definitions:

Sternberg

Refers to Robert Sternberg, an American psychologist known for his theory on intelligence and creativity.

Creative Intelligence

The ability to produce new products, ideas, or inventing novel solutions to problems.

Practical Intelligence

A facet of intelligence that concerns the ability to solve everyday problems through skilled reasoning and experience.

Analytical Intelligence

The ability to analyze, evaluate, critique, and logically reason through problems and situations.