Which of the Following Statements About a Company's Realized Strategy

question 20

Multiple Choice

Which of the following statements about a company's realized strategy is true?

• A) A company's realized strategy is mostly hidden to outside view and is deliberately kept under wraps by top-level managers.
• B) A company's realized strategy is typically planned well in advance and usually deviates little from the planned set of actions.
• C) A company's realized strategy generally changes very little over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy.
• D) A company's realized strategy is typically a blend of deliberate/planned initiatives and emergent/unplanned reactive strategy elements.
• E) A company's realized strategy is developed mostly on the fly because of the constant efforts of managers to keep rival companies at a disadvantage.

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Definitions:

Self-Serving Bias

A cognitive bias that causes individuals to see their successes as based on internal factors while attributing failures to external factors.

False Consensus Effect

The tendency to overestimate how much other people share our beliefs, attitudes, and behaviors.

Stanley Milgram

A psychologist best known for his groundbreaking studies on obedience, demonstrating people's willingness to follow authority figures' orders, even to the extent of harming others.

Obedience

The act of following the directions or commands of a person in authority.