A Company's Strategy Is a "Work in Progress" and Evolves

question 40

Multiple Choice

A company's strategy is a "work in progress" and evolves over time because of

• A) the ongoing need of company managers to react and respond to changing industry and competitive conditions.
• B) the ongoing need to imitate the new strategic moves of the industry leaders.
• C) the need to make regular adjustments in the company's strategic vision.
• D) the importance of developing a fresh strategic plan every year.
• E) the frequent need to modify key elements of the company's business model.

---

Definitions:

Rational Emotive Behavior Therapy

A form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the adoption of healthier, rational beliefs.

Albert Ellis

A psychologist known for developing Rational Emotive Behavior Therapy (REBT), a form of cognitive-behavioral therapy focusing on changing irrational beliefs.

Aaron Beck

A psychiatrist known as the father of cognitive therapy, which focuses on changing negative thoughts and beliefs.

Placebo Effect

The apparent success of a medication or treatment due to the patient’s expectations or hopes rather than to the drug or treatment itself.