For a Strategist, Which of the Following Is NOT an Implication

question 113

Multiple Choice

For a strategist, which of the following is NOT an implication of effective strategic management?

• A) The difference between a firm's success and failure lies in its strategy.
• B) The principles of strategic management can be applied universally to all organizations.
• C) A firm's performance is determined by a set of independent factors, which includes firm and industry effects.
• D) It is necessary to maintain an awareness of key stakeholders and how they can affect or be affected by managerial actions.

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Definitions:

Müller-Lyer Illusion

A visual illusion in which two lines of equal length appear to be different lengths because of the orientation of arrow-like figures at their ends.

Perceptual Organization

The process by which the brain structures sensory stimuli into meaningful patterns or objects.

Vestibular Sense

The sense of equilibrium that informs us about our bodies’ positions relative to gravity.

Earth's Gravity

The force that attracts objects towards the center of the Earth, giving objects weight and keeping them grounded.