Managers of every company should be willing and ready to modify the strategy 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 constantly changing and sometimes the current strategy can fail to adapt to these changes effectively. Thus, managers need to be willing and ready to modify the strategy as needed to stay competitive and meet their goals.

Managers of Every Company Should Be Willing and Ready to Modify