If You Discover During the Course of Strategy Evaluation That

question 117

Multiple Choice

If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should

• A) continue on the present strategic course.
• B) wait until the next quarter to see if things revert.
• C) take corrective actions.
• D) follow the original strategic plan.
• E) none of the above

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Definitions:

Operational Costs

Expenses associated with the day-to-day functioning of a business or organization.

Capacity

The maximum amount that something can contain or the ability of individuals or organizations to achieve their objectives.

Management Literature

A collection of writings and studies focused on theories, strategies, and practices involved in the management of organizations.

Academics

The broad domain concerned with the study, teaching, and research in disciplines of higher education, including but not limited to science, humanities, and social sciences.