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 statement that "openness limits rival firms from imitating or duplicating the firm's strategies" is not a valid reason to be completely open with the strategy process. In fact, being completely open can sometimes give rivals valuable insights into a firm's strategy, making it easier for them to imitate or duplicate it. The other options A, B, C, and D are all valid reasons to be open with the strategy process.

All of the Following Are Reasons to Be Completely Open