Which of the Following Is Not One of the Basic

question 37

Multiple Choice

Which of the following is not one of the basic reasons that a company's strategy evolves over time?

• A) An ongoing need to abandon those strategy features that are no longer working well
• B) The proactive efforts of company managers to improve the company's financial performance and secure a competitive advantage
• C) The need on the part of company managers to make regular adjustments in the company's business model
• D) The need to respond to the actions and competitive moves of rival firms
• E) The need to keep strategy in step with changing industry and competitive conditions

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Definitions:

Law of Small Numbers

A cognitive bias that leads people to infer or generalize outcomes from a small sample size, mistakenly treating it as representative of a larger population.

Double-Standard Thinking

The application of different sets of principles for similar situations, often leading to unfair or biased judgments.

Prototype

An early sample, model, or release of a product or concept used to test a process or act as a thing to be replicated or learned from.

Ingroup Differentiation Bias

A bias where individuals perceive greater variation and uniqueness among members of their own group (ingroup) compared to those in an outgroup.