Adapting to new conditions and constantly evaluating what is working and what needs to be improved are normal parts of the strategy-making process which result in:
A) a profitability-driven strategy.
B) a broad market entry strategy.
C) an evolving strategy.
D) unlimited revenue generation.
E) None of these.

Question

Quizplus · Accepted Answer

Adapting to new conditions and constantly evaluating what is working and what needs to be improved is characteristic of an evolving strategy. This is because an evolving strategy involves making changes and adjustments based on ongoing evaluation and feedback. It recognizes that the business environment is constantly changing and that strategies must be flexible enough to adapt to these changes. It is not necessarily focused on profitability or revenue generation, although these may be important factors in the overall strategy. A broad market entry strategy is not necessarily related to the process of adapting and evaluating strategic plans.

Adapting to New Conditions and Constantly Evaluating What Is Working