How Can an Organization Develop Strategic Flexibility

question 62

Multiple Choice

How can an organization develop strategic flexibility?

• A) It should commit resources only after thorough planning.
• B) It should monitor and evaluate its past strategies.
• C) It should depend on tried and tested perspectives from senior employees.
• D) It should have multiple alternatives when making strategic decisions.

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Definitions:

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence over time.

Days to Sell Inventory

A financial metric measuring the average number of days a company takes to sell its inventory.

Sales

The total amount of revenue generated from goods or services sold by a company.

Costs of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.