Crafting a Deliberate Strategy Involves Developing Strategy Elements That

question 95

Multiple Choice

Crafting a deliberate strategy involves developing strategy elements that

• A)imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.
• B)comprise a five-year strategic plan that is then fine-tuned during the remainder of the plan period; big changes in strategy are thus made only once every five years.
• C)consist of a blend of proactive new planned initiatives plus ongoing strategy elements continued from prior periods.
• D)deliberately eliminate the ongoing strategic elements and implement new planned initiatives.
• E)consist of adaptive change plans to new market situations along with abandoned redundant ongoing elements.

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Definitions:

Standard Deviation

A measure of the dispersion or spread of a set of numbers, indicating how much the individual numbers differ from the mean of the set.

Mean

The average of a set of numbers, calculated by dividing the sum of the values by the count of numbers.

Probability Density Functions

Functions that describe the relative likelihood for a continuous random variable to take on a given value.

Continuous Random Variables

Variables that can take an infinite number of values within a given range, often associated with measurements in time, distance, or temperature.