When you discover major changes have occurred in the firm's internal strategic position while conducting strategy evaluation, you should
A) continue on the present strategic course.
B) immediately discontinue all aspects of the present strategic course.
C) take corrective actions.
D) add additional funds to the present strategic plan.
E) copy the actions of major competitors

Question

Quizplus · Accepted Answer

When major changes occur in the firm's internal strategic position during strategy evaluation, corrective actions should be taken to adjust the current strategy. Continuing on the present strategic course may no longer be effective, and simply copying the actions of major competitors may not be appropriate for the firm's unique situation. Adding additional funds to the present strategic plan may not address the root of the issue and could waste resources. Therefore, the best choice is to take corrective actions.

When You Discover Major Changes Have Occurred in the Firm's