The objectives of a well-crafted strategy require management to strive to:
A) match rival businesses' products and quality dimensions in the marketplace.
B) build profits for short-term success.
C) realign the market to provoke change in rival companies.
D) develop lasting success that can support growth and secure the company's future over the long term.
E) re-create their business models regularly.

Question

Quizplus · Accepted Answer

The objective of a well-crafted strategy should be to develop lasting success that can support growth and secure the company's future over the long term. Building profits for short-term success (B) is not a sustainable strategy, and matching rivals' products and quality dimensions (A) does not necessarily lead to long-term success. Realignment of the market (C) may not be possible or desirable for every company, and constantly re-creating business models (E) can be costly and disruptive.

The Objectives of a Well-Crafted Strategy Require Management to Strive