Changing circumstances and ongoing managerial efforts to improve the strategy
A)account for why a company's strategy evolves over time.
B)explain why a company's strategic vision undergoes almost constant change.
C)make it very difficult for a company to have concrete strategic objectives.
D)make it very hard to know what a company's strategy really is.
E)are only necessary when rivals are gaining market share.

Question

Quizplus · Accepted Answer

As circumstances change, such as competition, customer needs, and economic conditions, a company's strategy needs to adapt to remain competitive and relevant.

Answer: B
 Ongoing managerial efforts to improve the strategy, along with changes in the external environment, can lead to frequent adjustments in a company's strategic vision.

Answer: D
 With the constant evolution of a company's strategy, it can be difficult for outsiders to determine what the company's current strategic objectives and plans really are.

(Note: Options C and E are not accurate statements about the impact of changing circumstances and ongoing managerial efforts on a company's strategy.)

Changing Circumstances and Ongoing Managerial Efforts to Improve the Strategy