Managers must be prepared to modify their strategy in response to:
A) changing circumstances that affect performance and their desire to improve the current strategy.
B) competitor moves in the market and shifting needs of buyers.
C) stagnating market and restrictive industrial opportunities.
D) mounting evidence that the strategy is less effective.
E) All of these.

Question

Quizplus · Accepted Answer

Managers must be flexible and willing to adapt to various changes in the business environment, including changing circumstances that affect performance, competitor moves, shifting buyer needs, stagnating markets, restrictive industrial opportunities, and mounting evidence that the strategy is less effective. Therefore, the best choice is E, which includes all of these factors.

Managers Must Be Prepared to Modify Their Strategy in Response