It is incorrect to say that a company's strategy evolves due to
A)a need to promote stability and retain the status quo.
B)the need to abandon some strategy elements that are no longer working well.
C)a need to respond to changing customer requirements and expectations.
D)a need to react to fresh strategic maneuvers on the part of rival firms.
E)the proactive efforts of company managers to improve obsolete aspects of the strategy.

Question

Quizplus · Accepted Answer

A company's strategy often evolves not to promote stability and retain the status quo, but rather to adapt to new challenges and opportunities, such as changing customer requirements, competitive actions, and the need to update obsolete strategy elements. Choices B, C, D, and E all represent reasons why a company might change its strategy, making A the incorrect statement regarding the evolution of a company's strategy.

It Is Incorrect to Say That a Company's Strategy Evolves