Strategy Formulation Is

question 49

Multiple Choice

Strategy formulation is

• A)mostly hidden to outside view and is deliberately kept under wraps by top-level managers (so as to catch rival companies by surprise when the strategy is launched).
• B)typically planned well in advance and usually deviates little from the planned set of actions and business approaches because of the risks of making on-the-spot changes.
• C)static over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy.
• D)typically a blend of proactive and reactive strategy elements.
• E)developed solely on the fly because managers must make constant efforts to come up with fresh moves to keep a company's product offering clearly set apart from the product offerings of rival firms.

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Definitions:

Organizing Results

refers to the process of systematically arranging data or findings in a study or experiment for analysis and presentation.

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Dependent Variable

The variable being tested and measured in an experiment, which is influenced by the independent variable.

Experimental Results

The data and observations collected during an experiment, which are analyzed to draw conclusions about the hypothesis tested.