The Task of Stitching Together a Strategy

question 58

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)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:

Terror Management Theory

A psychological perspective asserting that the fear of death influences human behavior and cultural attitudes.

Aggression

A range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.

Phobias

Persistent, irrational fears of specific objects, activities, or situations that lead to a compelling desire to avoid the dreaded subject or situation.

Beliefs

Refer to convictions or acceptances that something is true or exists, often without definitive evidence.