A company's strategy is a "work in progress" and evolves over time because of:
A) the importance of developing a fresh strategic plan every year that keeps employees from becoming bored with executing the same strategy year after year.
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 ongoing need of company managers to react and respond to changing market and competitive conditions.
E) the frequent need to modify key elements of the company's business model.

Question

Quizplus · Accepted Answer

A company's strategy evolves over time primarily due to the need for managers to adapt to changing market and competitive conditions, ensuring the company remains competitive and relevant.

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