The Task of Stitching Together a Strategy

question 88

Multiple Choice

The task of stitching together a strategy

• A)entails addressing a series of hows: how to grow the business, how to please customers, how to outcompete rivals, how to respond to changing market conditions, and how to achieve strategic and financial objectives.
• B)is primarily an exercise in deciding which of several freshly emerging market opportunities to pursue.
• C)is mainly an exercise that should be dictated by what is comfortable to management from a risk perspective and what is acceptable in terms of capital requirements.
• D)requires trying to copy the strategies of industry leaders as closely as possible.
• E)is mainly an exercise in good planning.

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Definitions:

Phenotype

The set of observable characteristics of an individual resulting from the interaction of its genotype with the environment.

Genotype

The genetic makeup of an organism, consisting of both the visibly expressed characteristics and the non-expressed ones.

Chromosome

A long DNA molecule with part or all of the genetic material of an organism, structured into a thread-like shape.

DNA

Deoxyribonucleic Acid, the molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.