The Corporate Strategy Process Does NOT Entail

question 75

Multiple Choice

The corporate strategy process does NOT entail

• A) crafting,implementing and executing plans.
• B) fine-tuning and adjusting corporate vision and objectives.
• C) a continuous process of crafting and executing strategy to fit changing circumstances.
• D) recycling the linked stages of executing strategy.
• E) None of these.

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Definitions:

Capital Goods

Physical assets that a company uses in the production process to manufacture products and services that consumers will later use.

Opportunity Cost

Giving up possible benefits from other solutions when a single solution is chosen.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over a period of time.

Entrepreneurship

The act of creating, organizing, and running a new business venture, typically characterized by risk-taking and innovation to achieve profit and growth.