When a company is confronted with significant industry change that mandates radical revision of its strategic course,the company is said to have encountered a(n)
A)learning and growth perspective.
B)strategic inflection point.
C)strategic roadblock.
D)new strategic opportunity.
E)opportunity for corporate entrepreneurship.

Question

Quizplus · Accepted Answer

A strategic inflection point occurs when a company is challenged by a significant change in its industry or market, requiring them to make major strategic changes to remain competitive. This often involves abandoning old strategies and adopting new ones to adapt to the changing landscape.

When a Company Is Confronted with Significant Industry Change That