A company's strategy is a "work in progress" and evolves over time because of the Select one: a. frequent need to modify key elements of the company's business model. b. need to make regular adjustments in the company's strategic vision. c. ongoing need to imitate the new strategic moves of the industry leaders. d. ongoing need of company managers to react and respond to changing market and competitive conditions. e. importance of developing a fresh strategic plan every year that keeps employees from becoming bored with executing the same strategy year after year.

Question

Business

Sherlyn Wells

14 January, 19:29

A company's strategy is a "work in progress" and evolves over time because of the Select one: a. frequent need to modify key elements of the company's business model. b. need to make regular adjustments in the company's strategic vision. c. ongoing need to imitate the new strategic moves of the industry leaders. d. ongoing need of company managers to react and respond to changing market and competitive conditions. e. importance of developing a fresh strategic plan every year that keeps employees from becoming bored with executing the same strategy year after year.

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Steven Davies · Answer 1

Answer: d. The ongoing need of company managers to react and respond to changing market and competitive conditions

Explanation:

As market changes and becomes more competitive, there is need to ensure that partially finished goods awaiting completion (work in progress) are completed.