The Task of Stitching Together a Strategy

question 88

Multiple Choice

The task of stitching together a strategy

• A)entails addressing a series of hows: how to grow the business, how to please customers, how to outcompete rivals, how to respond to changing market conditions, and how to achieve strategic and financial objectives.
• B)is primarily an exercise in deciding which of several freshly emerging market opportunities to pursue.
• C)is mainly an exercise that should be dictated by what is comfortable to management from a risk perspective and what is acceptable in terms of capital requirements.
• D)requires trying to copy the strategies of industry leaders as closely as possible.
• E)is mainly an exercise in good planning.

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Definitions:

Habituation

The act of an organism diminishing or ending its responses to a repeated stimulus through time.

Reward

A stimulus or event that follows a behavior and increases the likelihood of that behavior occurring again.

Opponent Process Theory

A theory that explains emotional and motivational dynamics as the result of competing processes: an initial emotional reaction followed by an opposite counter-reaction.

Opponent Process Theory

A psychological and neurological model that explains how the perception of colors is controlled by two opposing systems: one that processes colors on a continuum from green to red and another from blue to yellow.