Which of the following reflects the impact of industry backgrounds on strategic choices?
A) Executives from other industries tend to make riskier decisions.
B) Executives with strong ties within an industry tend to choose strategies commonly used in that industry.
C) Executives from other industries tend to downsize as a first choice.
D) Executives with strong ties within an industry tend to make riskier decisions.
E) Executives from other industries tend to emphasize ROI.

Question

Quizplus · Accepted Answer

Executives with strong ties within an industry tend to choose strategies commonly used in that industry. This is because they have a better understanding of what works in the industry and what doesn't. This familiarity with the industry can lead to a preference for commonly used strategies rather than risky ones.

Which of the Following Reflects the Impact of Industry Backgrounds