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:

Happiness

A state of well-being and contentment characterized by feelings of joy, satisfaction, and fulfillment.

Health

A condition of total well-being encompassing physical, mental, and social health, rather than just the lack of sickness or weakness.

Correlation Coefficients

A numerical measure that represents the strength and direction of a relationship between two variables.

Causation

The relationship between cause and effect, where one event or action directly results in the occurrence of another.