A company's realized strategy evolves from one version to the next due to
A)changing management direction because of understanding several appealing strategy alternatives.
B)the proactive efforts of company managers to improve the current strategy, a need to respond to changing customer requirements and expectations, and a need to react to fresh strategic maneuvers on the part of rival firms.
C)ongoing turnover in the managerial and executive ranks (new managers often decide to shift to a different strategy).
D)pressures from shareholders to boost profit margins and pay higher dividends.
E)the importance of keeping the company's business model fresh and up-to-date.

Question

Quizplus · Accepted Answer

A company's realized strategy evolves from one version to the next due to the proactive efforts of company managers to improve the current strategy, a need to respond to changing customer requirements and expectations, and a need to react to fresh strategic maneuvers on the part of rival firms. As the business environment is dynamic and continuously changing, companies must adapt to survive and thrive. They must improve their existing strategies to meet new challenges and opportunities. Additionally, they must respond to changes in customer preferences, expectations, and behaviors. Finally, they must react to the strategic moves of their competitors, who are also seeking to gain a competitive advantage.

A Company's Realized Strategy Evolves from One Version to the Next