It Is Normal for a Company's Strategy to End Up

question 45

Multiple Choice

It is normal for a company's strategy to end up being

• A) left unchanged from management's original planned set of actions and business approaches since making on-the-spot changes is too risky.
• B) a combination of defensive moves to protect the company's market share and offensive initiatives to set the company's product offering apart from rivals.
• C) like the strategies of other industry members since all companies are confronting much the same market conditions and competitive pressures.
• D) a blend of deliberate planned actions to improve the company's competitiveness and financial performance and as-needed unplanned reactions to unanticipated developments and fresh market conditions.
• E) a mirror image of its business model,so as to avoid impairing company profitability.

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Definitions:

HR Managers

Professionals responsible for overseeing human resource functions, including recruiting, training, benefits administration, and compliance with employment laws.

Line Managers

Individuals directly responsible for overseeing the performance and tasks of other employees, often acting as the link between upper management and staff.

Advice And Counsel

The process of offering guidance, recommendations, or professional opinion to aid decision-making.

Financial Gain

The increase in money or assets, resulting from investment or business activities.