The Mode of Strategy Formulation Used When Top Management Has

question 45

Multiple Choice

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives, but it chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

• A) planning mode.
• B) logical incrementalism.
• C) entrepreneurial mode.
• D) adaptive mode.
• E) strategic mode.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Unethical Business Practices

Behaviors or decisions by businesses that are morally wrong, illegal, or violate professional standards.

Insider Trading

Refers to the illegal practice of trading a public company's stock or other securities based on material, nonpublic information about the company.

High Executive Salaries

Compensation that is significantly above the average wage, typically awarded to top-level management and executives.