Crafting a Strategy Involves

question 7

Multiple Choice

Crafting a strategy involves

• A) blending deliberate/planned initiatives with emergent/unplanned reactive responses to changing circumstances,while abandoning planned strategy elements that have failed in the marketplace.
• B) developing a five-year strategic plan and then fine-tuning it during the remainder of the plan period.
• C) trying to imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.
• D) doing everything possible (in the way of price,quality,service,warranties,advertising,and so on)to make sure the company's product/service is very clearly differentiated from the product/service offerings of rivals.
• E) All of these accurately characterize the managerial process of crafting a company's strategy.

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Definitions:

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Nontraditional

Refers to practices or methods that differ from what is conventionally accepted or established.

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Relating to work or engagement in activities for less than the full number of hours considered standard or full-time.

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The period in a child's life that spans from roughly 5 to 18 years, during which they attend elementary, middle, and high school.