According to the Text,which of the Following Does Not Make

question 22

Multiple Choice

According to the text,which of the following does not make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation?

• A) Differentiation strategies are often expensive to enact.
• B) Incumbent firms are constantly seeking opportunities to specialize in market niches.
• C) It may be difficult for a young firm to establish a strong brand identity.
• D) Implementing superior new technologies may be challenging for entrepreneurial firms.

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Definitions:

Shadow Plan

A backup plan or strategy that is developed to be used as an alternative in case the original plan fails or cannot be implemented.

Managerial Firefighting

The practice where managers spend a disproportionate amount of time addressing urgent problems rather than focusing on strategic planning and prevention.

Crisis Management

The process of planning for and responding to unexpected and potentially harmful events, aiming to minimize damage and recover quickly.

Strategic Planning

A systematic process for envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.