All of the Following Are Reasons to Be Completely Open

question 82

Multiple Choice

All of the following are reasons to be completely open as opposed to secretive with the strategy process EXCEPT

• A) Managers, employees and other stakeholders can readily contribute to the process.
• B) Stakeholders have greater basis for understanding and committing to a firm that is open.
• C) All levels of today's workforce exhibit increased education and diversity, making such contributions valuable.
• D) Participation and openness enhance understanding, commitment and communication within the firm.
• E) Openness limits rival firms from imitating or duplicating the firm's strategies.

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Definitions:

Enforceable

Capable of being imposed or brought into effect legally, often referring to contracts or laws that can be executed through a legal process.

Contract

A legally binding agreement between two or more parties that outlines duties, rights, and obligations that are enforceable by law.

Verbal Contract

A verbal contract is an agreement made through spoken words between parties that is legally binding, though more difficult to prove than written contracts.

Binding

A legal agreement or contract that is enforceable in a court of law, obligating the parties to adhere to the terms.