Corrective actions are not needed when
A) changes have occurred in the firm's internal strategic position.
B) external and internal factors have not significantly changed.
C) the firm is not progressing satisfactorily toward achieving stated objectives.
D) competitive factors are on the rise.
E) the industry is slowing down

Question

Quizplus · Accepted Answer

Corrective actions are taken when there is a deviation from desired performance or outcomes. If external and internal factors have not significantly changed, there may not be a need for corrective action. A change in internal strategic position, unsatisfactory progress towards objectives, rising competition or industry slowdown may all require corrective action. However, the absence of these factors does not automatically imply the need for corrective action.

Corrective Actions Are Not Needed When