Crafting a deliberate strategy involves developing strategy elements that
A) imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.
B) comprise a five-year strategic plan that is then fine-tuned during the remainder of the plan period; big changes in strategy are thus made only once every five years.
C) consist of a blend of proactive new planned initiatives plus ongoing strategy elements continued from prior periods.
D) deliberately eliminate the ongoing strategic elements and implement new planned initiatives.
E) consist of adaptive change plans to new market situations along with abandoned redundant ongoing elements.
Correct Answer:
Verified
Q21: Adapting to new conditions like new innovations
Q22: Amy's Drive-Thru, a fast food facility, offers
Q23: Managers must be prepared to modify their
Q24: A "repeatedly evolving strategy" best applies to
Q25: A company's realized strategy evolves from one
Q27: If you were advising Rebel Toad Brewing,
Q28: A company's strategy is a "work in
Q29: It is normal for a company's strategy
Q30: Strategy formulation is
A)mostly hidden to outside view
Q31: In the course of crafting a strategy,
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