A company's choice of which strategies to implement is a function of
A) conditions in the firm's external and internal environments
B) government policy
C) managerial risk taking
D) competitor imitation

Question

Quizplus · Accepted Answer

A company's choice of which strategies to implement is primarily determined by the conditions in the firm's external and internal environments. These factors influence the company's opportunities, threats, strengths, and weaknesses, which guide the development and implementation of its strategies. Government policy, managerial risk-taking, and competitor imitation may also play a role in strategy formulation, but they are secondary to the firm's external and internal environments.

A Company's Choice of Which Strategies to Implement Is a Function