Which of the Following Statements Is True About Strategy Formulation

question 30

Multiple Choice

 Which of the following statements is true about strategy formulation?

• A) The strategy development process typically flows in a linear fashion.
• B) Managers should engage in environmental scanning on an ongoing basis.
• C) All aspects of a firm's strategy are more susceptible to frequent changes.
• D) The formulation of strategy is the last step toward achieving profitability.

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Definitions:

Restraining Forces

Factors that hinder or limit the process of change within an organization or individual's behavior.

Changed Behaviors

Modifications or adjustments in one's actions or reactions as a result of experiences or interventions.

Lewin's Change Model

A theoretical model for understanding organizational or personal change, involving three stages: unfreezing, changing, and refreezing.

Moving

Moving involves changing one's place of residence or location, often involving packing, transportation, and adjustment to a new environment.