Managers of every company should be willing and ready to modify their strategy because
A)market conditions and circumstances are changing over time or the current strategy is clearly failing.
B)the task of crafting strategy is a one-time event.
C)the strategic vision necessitates periodic updating.
D)frequent changes in strategy make it very more difficult for rivals to imitate.
E)all strategies are reactive.

Question

Quizplus · Accepted Answer

Market conditions and circumstances are constantly changing and if the current strategy is not working, modification is necessary to address and adapt to the changing environment. It is not a one-time event and periodic updating is necessary for a strategic vision. Having frequent changes in strategy may create instability and confusion within the organization, but adapting to the changing conditions is crucial for success.

Managers of Every Company Should Be Willing and Ready to Modify