An emergent component of a firm's strategy:
A) involves the systematic assessment of the external and internal environments.
B) includes the creation of plans to react to or impact environmental factors.
C) makes it flexible and adaptable to changing environmental conditions.
D) establishes the objectives or benchmarks the firm hopes to achieve.

Question

Quizplus · Accepted Answer

An emergent component of a firm's strategy is one that is developed through ongoing evaluation and adaptation to changing environmental conditions. This makes it flexible and adaptable, rather than rigidly fixed based on pre-defined objectives or benchmarks. While assessment of environmental factors (A) and creation of plans to impact them (B) may contribute to the formation of an emergent strategy, they are not defining characteristics of it.

An Emergent Component of a Firm's Strategy