In the course of crafting a strategy,it is common for management to:
A) abandon certain strategy elements that have grown stale or become obsolete.
B) modify the current strategy when market and competitive conditions take an unexpected turn or some aspects of the company's strategy hit a stone wall.
C) modify the current strategy in response to the fresh strategic maneuvers of rival firms.
D) take proactive actions to improve this or that piece of the strategy.
E) All of these.

Question

Quizplus · Accepted Answer

All of these options are common during the process of crafting a strategy. Management should be willing to adjust and modify their strategy as needed to respond to changes in the market and competition, and to keep the strategy up-to-date and effective. They may need to abandon or rework certain elements of the strategy that are no longer working, and take proactive steps to improve the strategy overall.

In the Course of Crafting a Strategy,it Is Common for Management