According to Strategic Reference Point Theory, Managers Have Two Basic

question 44

Multiple Choice

According to strategic reference point theory, managers have two basic strategic alternatives. They are_____________ .

• A) risk-avoiding strategy and pioneering strategy
• B) risk-maintenance strategy and conflict-avoidance strategy
• C) risk-avoiding strategy and risk-seeking strategy
• D) frontal attack strategy and guerilla strategy
• E) none of these

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Definitions:

Environmental Factors

Environmental Factors are external elements such as weather, climate, and natural disasters, as well as socioeconomic aspects, that can affect an organization's operations, strategic decisions, and overall performance.

Start-Up Process Model

A framework outlining the steps and stages involved in launching and establishing a new business or enterprise.

Implementation

The act of executing or applying a plan, policy, or procedure to achieve desired goals or outcomes.

Triggering Event

An occurrence that sets in motion a series of actions, often used in business or law to indicate an event that triggers a contractual obligation or procedure.