A Company's Strategy Is a "Work in Progress" and Evolves

question 66

Multiple Choice

A company's strategy is a "work in progress" and evolves over time because of:

• A) the importance of developing a fresh strategic plan every year that keeps employees from becoming bored with executing the same strategy year after year.
• B) the ongoing need to imitate the new strategic moves of the industry leaders.
• C) the need to make regular adjustments in the company's strategic vision.
• D) the ongoing need of company managers to react and respond to changing market and competitive conditions.
• E) the frequent need to modify key elements of the company's business model.

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Definitions:

Anxious Temperament

A predisposition to respond with anxiety to uncertain or challenging situations.

Easy Temperament

A child's behavioral style characterized by regularity, adaptability, and a generally positive mood.

Difficult Temperament

A temperament characterized by intense reactions, frequent negative moods, and a slow adaptation to new experiences and environments.

Wary

Feeling or showing caution about possible dangers or problems; watchfulness.