Which of the Following Statements About a Company's Strategy Is

question 102

Multiple Choice

Which of the following statements about a company's strategy is true?

• A) A company's strategy is 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) A company's strategy is 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) A company's strategy generally changes very little over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy.
• D) A company's strategy is typically a blend of proactive and reactive strategy elements.
• E) A company's strategy is developed mostly on the fly because of the constant efforts of managers to come up with fresh moves to keep the company's product offering clearly different and set apart from the product offerings of rival companies.

---

Definitions:

Temporal Organization

The process of structuring events, actions, or processes in a sequential time order or timeline.

Frontal Lobes

Regions of the brain located at the front of each cerebral hemisphere, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Wisconsin Card Sorting Test

A neuropsychological test of set-shifting, measuring a person’s ability to display flexibility in the face of changing schedules of reinforcement.

Shift Strategy

A cognitive approach to changing the method or perspective used when solving problems or making decisions.