In Evaluating Proposed or Existing Strategies Managers Should

question 24

Multiple Choice

In evaluating proposed or existing strategies managers should

• A) initiate new initiatives even though they don't seem to match the company's internal and external situation.
• B) scrutinize the company's existing strategies compatibility with desired outcomes on a regular basis.
• C) evaluate the firm's business model at least every three years.
• D) ensure core capabilities are incorporated for establishing a competitive advantage.
• E) align existing strategies with new strategies to emphasize incremental gains.

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Definitions:

Erikson's Theory

A psychosocial development theory proposed by Erik Erikson that outlines eight stages of psychological development from infancy to late adulthood, each characterized by a specific crisis.

Virtue

A trait or quality deemed morally good, commendable, and valuable in character.

Adolescence

A phase of growth both in body and mind that usually happens from puberty until one becomes a legal adult.

Adolescents

Individuals in the developmental stage between childhood and adulthood, often considered to start with puberty.