In Evaluating Proposed or Existing Strategies,managers Should

question 24

Multiple Choice

In evaluating proposed or existing strategies,managers should

• A)evaluate the firm's business model at least every three years.
• B)align existing strategies with new strategies to emphasize incremental gains.
• C)scrutinize the company's existing strategies on a regular basis to ensure they offer a good strategic fit,create a competitive advantage,and contribute to an above-average performance.
• D)plan and implement new initiatives regardless of whether or not these match the company's internal and external situation.
• E)ensure core capabilities are incorporated for establishing a competitive advantage.

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Definitions:

Consideration

An item of worth traded between individuals in a contract to render the agreement enforceable by law.

Final Decision

A conclusive determination or resolution in a process or dispute, often implying that no further discussion or appeal is anticipated.

Preexisting-Duty Rule

A rule in contract law stating that an agreement to do what one is already legally obligated to do does not constitute valid consideration for a new contract.

Uniform Commercial Code

A wide-ranging assembly of legal directives that command all business activities in the United States.