Strategic Flexibility Is Achieved When Managers

question 19

Multiple Choice

Strategic flexibility is achieved when managers

• A) choose to keep their vision statements more product-oriented rather than customer-oriented.
• B) respond to reality changes by activating alternate dominant plans or modifying the old plan.
• C) implement static top-down strategic planning approach to the development of strategy.
• D) overlook pessimistic future scenarios and only prepare for optimistic futures.

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Definitions:

Interpretation

The act of explaining the meaning of something, such as data, words, or actions, often requiring analysis and understanding of context.

Causal Relationship

A causal relationship exists when one event (the cause) directly affects the outcome of another event (the effect).

Job Satisfaction

A measure of how content an individual is with their job, which can affect productivity and morale.

Performance

The level at which an individual, group, or organization accomplishes its tasks, goals, or objectives, often measured against known standards of accuracy, completeness, cost, and speed.