Changing circumstances and ongoing managerial efforts to improve the strategy:
A) account for Why a Companys 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) result in abandoned strategic visions.

Question

Quizplus · Accepted Answer

As circumstances change, such as new competitors in the market or shifts in consumer preferences, a company's strategy must evolve in order to remain competitive and relevant. Ongoing managerial efforts to improve the strategy also contribute to its evolution over time.

Answer: B
 Constantly changing market conditions and the need to adapt to new opportunities and threats means that a company's strategic vision needs to be flexible and adaptable as well.

Answer: C
 Since circumstances are always changing and new opportunities and threats arise, it can be difficult for a company to set concrete, long-term strategic objectives that remain relevant over time.

Answer: D
 Because a company's strategy is constantly evolving in response to changing circumstances and ongoing managerial efforts, it can be hard to pin down exactly what that strategy is at any given moment.

Answer: E
 Sometimes changes in circumstances or shifts in managerial priorities can lead to a company abandoning or significantly revising its strategic vision.

Changing Circumstances and Ongoing Managerial Efforts to Improve the Strategy