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:

Reinforcement

The process by which a behavior is strengthened, increasing the likelihood that the behavior will be repeated.

Role Conflict

A situation where an individual faces incompatible demands or expectations from different roles they occupy, leading to stress or difficulty in fulfilling those roles effectively.

Gender Constancy

A cognitive understanding developed in early childhood that one’s gender identity is fixed and consistent over time and situations.

Gender Stereotyping

The practice of ascribing to an individual specific attributes, characteristics, or roles by reason only of their gender.