Which of the Following Is an Example of a Strategic

question 77

Multiple Choice

Which of the following is an example of a strategic risk?

• A) A new product fails as it does not meet a specific need or purpose of an organization.
• B) A new product is unsuccessful owing to its inability to meet market needs while customers' needs have changed.
• C) A new product does not take off as it is not in pace with the technological changes that have evolved.
• D) A new product fails to deliver as it has not been developed within a desired time and budget.

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Definitions:

Competitive Strategy

Refers to a long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry.

Organization Structure

The arrangement of departments, roles, and responsibilities within a company, defining how activities are directed to achieve goals.

Determinants of Performance

Factors or elements that significantly influence the output, efficiency, or effectiveness of individuals, teams, or organizations.

Essential Operations

Core activities necessary for an organization or system to function effectively.