Despite the theories and tools for analysing strategic position, many major firms fail:
A)Because the senior managers are too wedded to a former "recipe for success" which always worked in the past.
B)Because they believe in their own unassailable position
C)Because they fail to recognise that technology and/or customer needs have moved on
D)Any of the above reasons - which is not an exhaustive set.

Question

Quizplus · Accepted Answer

Major firms can fail due to a variety of reasons, including those mentioned in options A, B, and C, but there may be others as well. Therefore, option D is the best choice as it acknowledges that there are multiple factors that can contribute to a firm's failure.

Despite the Theories and Tools for Analysing Strategic Position, Many