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

question 36

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 (which also has the benefit of keeping 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.

---

Definitions:

Mechanistic Organizations

Highly structured and formal organizations with clear hierarchies, roles, and rigid procedures, often seen in stable environments.

Organic Organizations

Describes organizations that are flexible, adaptable, and emphasize horizontal communication; they typically thrive in dynamic environments.

Impersonality

The quality of being devoid of personal feelings or characteristics, often leading to a detached or formal atmosphere.

Rules

Rules are prescribed guides for conduct or action that are established by an authority, institution, or organization to regulate behaviour.