If Other Companies Applied the Same Strategy Used by David

question 79

Multiple Choice

If other companies applied the same strategy used by David Windorski at 3M, they would most likely

• A)find a winning strategy and stick with it.
• B)search continuously to discover customers' needs.
• C)change strategies every ten years to avoid becoming complacent.
• D)avoid excessive attention to customers' demands; customers cannot always differentiate between their needs and their wants.
• E)focus on the shareholders of the company and know the strategy will follow.

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Definitions:

Associates

Individuals connected with a business or organization in a subordinate or secondary position, often referring to junior staff members.

SMARTS Test

A criteria-based assessment tool; if not specifically known, this term might be mistaken or represent a specialized or localized concept and thus would be NO.

Mission Statement

A brief declaration of an organization's purpose, identifying its scope of operations, target market, and main objectives.

Financial Year

A 12-month period used for accounting purposes and preparing financial statements, which may not align with the calendar year.