Changing circumstances and ongoing managerial efforts to improve the strategy
A)account for why a company's strategy evolves over time.
B)explain why a company's strategic vision undergoes almost constant change.
C)make it very difficult for a company to have concrete strategic objectives.
D)make it very hard to know what a company's strategy really is.
E)are consistent with a planned strategy approach.

Question

Quizplus · Accepted Answer

Changing circumstances, such as shifts in the market or competitive landscape, can require a company to adapt and change its strategy to remain viable. Ongoing managerial efforts, such as seeking new opportunities or improving processes, can also lead to the evolution of a company's strategy.

Changing Circumstances and Ongoing Managerial Efforts to Improve the Strategy