All of the following are reasons to be completely open with the strategy process EXCEPT
A) Managers, employees and other stakeholders can readily contribute to the process.
B) Investors, creditors and other stakeholders have greater basis for supporting a firm that is open.
C) Visibility promotes democracy whereas secrecy promotes autocracy.
D) Participation and openness enhances understanding, commitment and communication within the firm.
E) Openness limits rival firms from imitating or duplicating the firm's strategies.

Question

Quizplus · Accepted Answer

The option E is not a valid reason to be completely open with the strategy process. In fact, being completely open may give rival firms insights into a company's strategies and make it easier for them to imitate or duplicate them. Thus, the other options provide valid reasons to be completely open with the strategy process.

All of the Following Are Reasons to Be Completely Open