Having openly endorsed a strategic option, managers will find it difficult to modify their position.

Name: Having openly endorsed a strategic option, managers will find it difficult to modify their position.
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Question

Quizplus · Accepted Answer

Openly endorsing a strategic option indicates a commitment to that option, making it challenging for managers to modify their position. This commitment can be reinforced by factors such as sunk costs, group pressures, and reputational concerns.

Having Openly Endorsed a Strategic Option, Managers Will Find It