Viewing Strategy as a Portfolio of Options Rather Than a Portfolio

question 65

Multiple Choice

Viewing strategy as a portfolio of options rather than a portfolio of investments relies upon the central idea that:

• A)Strategy needs to reconcile direction and flexibility in an uncertain environment
• B)"All or nothing" strategic projects can be such costly mistakes as to be fatal to the firm
• C)The advantage of an option follows from the potential to amend or stop a strategic project during the development process
• D)All of the above

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Definitions:

Trait Inherited

A characteristic or attribute that is genetically passed from parents to their offspring.

Faith Development

The process of growth and change in one’s spiritual beliefs, values, and practices throughout the lifespan, often influenced by personal experiences and external factors.

Ultimate Truth

A concept or belief representing an absolute reality that transcends relative, subjective experiences.

Individuative-Reflective

A stage of faith development proposed by James Fowler where an individual critically examines their beliefs and values, leading to a more personal and internalized faith.