A Company's Realized Strategy Evolves from One Version to the Next

question 83

Multiple Choice

A company's realized strategy evolves from one version to the next due to

• A)changing management direction because of understanding several appealing strategy alternatives.
• B)the proactive efforts of company managers to improve the current strategy, a need to respond to changing customer requirements and expectations, and a need to react to fresh strategic maneuvers on the part of rival firms.
• C)ongoing turnover in the managerial and executive ranks (new managers often decide to shift to a different strategy).
• D)pressures from shareholders to boost profit margins and pay higher dividends.
• E)the importance of keeping the company's business model fresh and up-to-date.

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Definitions:

Employee Commitment

Refers to the level of loyalty and dedication an employee feels toward their organization.

Referent Power

A form of power that stems from personal attributes and the respect or admiration one commands from others.

Organizational Politics

The use of power, negotiation, and alliances within an organization to achieve personal or organizational goals.

Self-Interests

The consideration of one's personal advantage or profit, often without regard for others.