When the Environment Becomes More Turbulent, Unpredictable, and Full of New

question 33

Multiple Choice

When the environment becomes more turbulent, unpredictable, and full of new opportunities:

• A)Strategy appears to not be very useful
• B)Strategy becomes a vital tool to navigate the firm through "stormy seas"
• C)Strategy should be put into the hands of external consultants
• D)Strategy becomes an "impossible exercise"

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Definitions:

Thoughtful Decision

A decision made after careful consideration of various factors and alternatives, often involving a deliberate thought process.

Sensory Selection

The process of choosing which sensory stimuli to focus on at a given time.

Cognitive Consistency

A psychological theory that suggests individuals strive for a harmonious state of mind by ensuring their beliefs, attitudes, and behaviors are aligned.

Experiential Hierarchy

A conceptual framework outlining the progressive stages of an individual's experiential learning or engagement, from initial exposure to full immersion.