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:

Henry Murray

An American psychologist who developed theories of personality, needs, and motivation, and co-developed the Thematic Apperception Test (TAT).

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Achievement Motivation

The motivation to set and strive towards personal achievement goals, reflecting a desire for success or the attainment of excellence.

Self-Discipline

The skill to regulate one's emotions and defeat one's vulnerabilities; the strength to adhere to one's convictions even when tempted to forsake them.