Which of the following statements is least true regarding the views of strategy that Nelson and Winter offer differing from Chandler?
A)Their views state that strategy and structure evolve from local interactions of the firm with its environment rather than from top managers formulating and implementing a comprehensive reorganization
B)Their views suggest that the relationship of the firm to the environment,as well as the current patterns of interpersonal relationships generally referred to as the firm's "structure," are both the cumulative result of a long series of adaptations
C)Their views state that strategy and structure are examples of high level heuristics
D)Their views suggest that structure is a set of principles or guidelines for coordinating a firm's decisions in a manner inconsistent with its activities in the environment
E)Their views suggest that strategy is a set of principles or decision guidelines that managers use to foster a firm's survival and profitability

Question

Quizplus · Accepted Answer

The statement that is least true is option D. Nelson and Winter do not suggest that structure is inconsistent with a firm's activities in the environment. In fact, they argue that structure is the cumulative result of a long series of adaptations that enable the firm to better interact with its environment. Option A, B, and E are all true statements regarding their views, while option C is partially true as they argue that heuristics play a role in decision-making but not exclusively at a high level.

Which of the Following Statements Is Least True Regarding the Views