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:

Plate Boundary

The edges where tectonic plates meet, which can be sites of earthquakes, volcanoes, and mountain building.

Pacific Ring

A region encircling the Pacific Ocean characterized by active volcanoes and frequent earthquakes, known as the Pacific Ring of Fire.

Fire

A rapid oxidation process, which is a chemical reaction resulting in the release of heat and light.

Island Arcs

Chains of islands formed close to continental margins over a subduction zone where one oceanic plate is forced under another.