The Objectives of a Well-Crafted Strategy Require Management to Strive

question 74

Multiple Choice

The objectives of a well-crafted strategy require management to strive to:

• A) match rival businesses' products and quality dimensions in the marketplace.
• B) build profits for short-term success.
• C) realign the market to provoke change in rival companies.
• D) develop lasting success that can support growth and secure the company's future over the long term.
• E) re-create their business models regularly.

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Definitions:

Commuting

The process of traveling between one's home and place of work or study.

Stressor

An event, situation, or other stimulus that causes stress.

Challenge Stressor

A type of stressor that, although demanding, is perceived positively because it contributes to personal growth or achievement.

Motivated

Having a strong desire and willingness to achieve something.