Managers of Every Company Should Be Willing and Ready to Modify

question 8

Multiple Choice

Managers of every company should be willing and ready to modify the strategy because

• A) market conditions and circumstances are changing over time or the current strategy is clearly failing.
• B) the task of crafting strategy is a one-time event.
• C) the strategic vision necessitates periodic updating.
• D) frequent changes in strategy make it very difficult for rivals to imitate.
• E) all strategies are reactive.

---

Definitions:

Competitive Relationships

Dynamics between entities (such as companies or individuals) in which they vie against each other to achieve superiority or dominance in a certain area.

Extranet

A controlled private network that allows access to partners, vendors, or selected customers, extending certain privileges of the company's intranet.

Confidential Information

Sensitive data or details that are intended to be kept secret or private between specific parties.

Listening Process

The active engagement in receiving and interpreting auditory information communicated by others.