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:

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