Merely Fine-Tuning the Execution of a Company's Existing Strategy Normally

question 72

Multiple Choice

Merely fine-tuning the execution of a company's existing strategy normally requires

• A)big shifts of resources from one area to another.
• B)a larger allocation of resources to the effort.
• C)trimming costs and shifting resources to activities that have a higher priority.
• D)creativity in finding ways for cost reductions, i.e. ways to do less with less.
• E)cost-cutting in key value chain activities.

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Definitions:

Inductive Thinking

A reasoning process that involves drawing general conclusions from specific observations or instances.

Egocentrism

A cognitive trait where individuals have difficulty understanding or acknowledging perspectives other than their own.

Brain Maturation

The process by which the brain develops and matures over time, involving changes in structure, function, and connectivity that support cognitive and behavioral capabilities.