A Company's Strategy Is a "Work in Progress" and Evolves

question 73

Multiple Choice

A company's strategy is a "work in progress" and evolves over time because of the

• A)importance of developing a fresh strategic plan every year that keeps employees from becoming bored with executing the same strategy year after year.
• B)ongoing need to imitate the new strategic moves of the industry leaders.
• C)need to make regular adjustments in the company's strategic vision.
• D)ongoing need of company managers to react and respond to changing market and competitive conditions.
• E)frequent need to modify key elements of the company's business model.

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Definitions:

Securities Act

A U.S. law enacted in 1933 that governs the sale of securities, aiming to provide investors with transparent information and to prevent fraud.

New Securities

Financial instruments that have been newly issued to investors, usually referring to stocks or bonds that have just been offered to the public or private investors.

Electronic Trading Systems

Platforms that facilitate the trading of financial securities, commodities, and other assets using electronic networks and computers.

High-frequency Traders

Investors who use powerful computers to execute large numbers of trades at very fast speeds, often attempting to exploit small price differences.