Adapting to new conditions like new innovations by competitors, fast-changing technological developments, and constantly evaluating what is working result in
A)an assured profitability strategy.
B)a broad market entry strategy.
C)an emergent strategy.
D)unlimited revenue generation.
E)a proactive strategy.

Question

Quizplus · Accepted Answer

Adapting to new conditions and constantly evaluating what is working results in an emergent strategy, which involves making incremental changes based on new information and feedback. This approach allows for flexibility and agility in responding to new developments in the market, rather than relying on a predetermined plan or strategy. While a proactive strategy may also involve adapting to new conditions, it is typically more focused on initiating action rather than responding to changes in the environment. The other answer choices, such as assured profitability or unlimited revenue generation, are not necessarily achievable through strategic adaptation alone and may depend on other factors such as market demand and pricing.

Adapting to New Conditions Like New Innovations by Competitors, Fast-Changing