All of the following are reasons to be completely open as opposed to secretive with the strategy process EXCEPT
A) managers, employees, and other stakeholders can readily contribute to the process.
B) stakeholders have greater basis for understanding and committing to a firm that is open.
C) visibility promotes democracy, whereas secrecy promotes autocracy.
D) participation and openness enhance understanding, commitment, and communication within the firm.
E) openness limits rival firms from imitating or duplicating the firm's strategies.
Correct Answer:
Verified
Q84: Mintzberg's notion of "crafting" strategies
A) is consistent
Q85: The GAAP standards are comprised of _
Q86: In contingency planning it is crucial that
Q87: Most strategy literature advocates that strategic management
Q88: State three of BusinessWeek's "principles of good
Q90: Today, boards of directors are composed mostly
Q91: With regard to the visible or hidden
Q92: What has been shown to permit quick
Q93: Already the European Union and 113 nations
Q94: Only high-priority areas require the insurance of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents