Managers of every company should be willing and ready to modify their strategies 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 difficult for rivals to imitate.
E)all strategies are reactive.

Question

Quizplus · Accepted Answer

Market conditions and circumstances are changing constantly, and if the current strategy is not working, it is crucial for managers to modify their strategies to adapt to the changes in the market environment. A flexible approach to strategy is necessary for success in a dynamic business environment.

Managers of Every Company Should Be Willing and Ready to Modify