Which of the Following Statements About a Company's Strategy Is

question 102

Multiple Choice

Which of the following statements about a company's strategy is true?

• A) A company's strategy is mostly hidden to outside view and is deliberately kept under wraps by top-level managers (so as to catch rival companies by surprise when the strategy is launched).
• B) A company's strategy is typically planned well in advance and usually deviates little from the planned set of actions and business approaches because of the risks of making on-the-spot changes.
• C) A company's strategy generally changes very little over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy.
• D) A company's strategy is typically a blend of proactive and reactive strategy elements.
• E) A company's strategy is developed mostly on the fly because of the constant efforts of managers to come up with fresh moves to keep the company's product offering clearly different and set apart from the product offerings of rival companies.

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Definitions:

Labour Demand

The total quantity of workers that employers are willing and able to hire at a given wage rate in a certain period.

Simulation

A method for modeling a real phenomenon with a set of mathematical formulas and algorithms to study its behavior under various scenarios.

Forecasting HR Demand

The process of estimating the future human resource requirement of an organization, based on its business strategy, objectives, and level of operational activity.

Delphi Technique

A method of gathering expert opinions to achieve consensus on a specific issue through a series of questionnaires interspersed with feedback.