Strategy formulation in the nonmarket environment ________.

Question

Quizplus · Accepted Answer

Strategy formulation in the nonmarket environment requires collective action from a broader set of participants than those involved in markets. Nonmarket participants include stakeholders such as regulators, NGOs, and local communities who may have diverse interests and may need to be engaged in the strategy formulation process. The process may also involve implementing important components in private and resolving issues through voluntary agreements, but these factors alone do not fully capture the complexity of nonmarket strategy formulation.

Strategy Formulation in the Nonmarket Environment ________