The Icarus paradox suggests that:
A)companies should stick to a narrowly defined line of products.
B)better-than-average profitability is an elusive goal.
C)companies may become myopic and lose sight of market realities.
D)companies often pursue too many strategies at once.
E)companies should change strategies before strategies need changing.

Question

Quizplus · Accepted Answer

The Icarus paradox suggests that companies may become myopic and lose sight of market realities, leading to their downfall. This happens when companies become too enamored with their own success and fail to see the bigger picture, much like Icarus who flew too close to the sun and fell to his death.

The Icarus Paradox Suggests That