Effective strategy implementation is most critical in ________.
A) highly competitive industries
B) conglomerates
C) moderately competitive industries
D) small businesses

Question

Quizplus · Accepted Answer

Highly competitive industries require effective strategy implementation to stay ahead of competitors and to ensure the company's survival. In such industries, even small mistakes in strategy implementation can have significant and costly consequences. Conglomerates have a diverse portfolio of businesses and may face unique challenges in implementing strategies across multiple industries, but the level of competition may vary within their portfolio. Moderately competitive industries may not be as cutthroat as highly competitive ones, but effective strategy implementation is still important for achieving success. While small businesses may not face as much competition as larger companies, the success or failure of a strategy can have a significant impact on their survival.

Effective Strategy Implementation Is Most Critical in ________