If a firm wants to exploit opportunities while withstanding competitive pressures, its strategy must be built on its bureaucracy and structure.

Question

Quizplus · Accepted Answer

A firm's strategy should not solely rely on its bureaucracy and structure, as these are internal factors that do not necessarily guarantee success in a competitive market. A firm's strategy should also consider external factors such as market trends, customer preferences, and competitor actions. Additionally, a flexible and agile organizational structure that can adapt to changes in the market is more important than a rigid bureaucracy.

If a Firm Wants to Exploit Opportunities While Withstanding Competitive