Question

Typically, a company's strategy is:

a) Kept relatively unchanged for a year or more; frequent strategy changes confuse customers and cannot be executed with any degree of competence
b) A blend of proactive actions to improve the company's financial performance and secure a competitive edge, along with as-needed reactions to unanticipated developments and fresh market conditions
c) Fine-tuned monthly, occasionally more often, in order to be as innovative as possible and achieve a sustainable competitive advantage over rivals
d) A close imitation of the market leader's strategy
e) 100% differentiated from the strategies of rival competitors; any and all copycat strategy elements must be avoided for the company's strategy to be competitively and financially successful

Answer 1

A company's strategy is typically a blend of proactive actions to improve the company's financial performance and secure a competitive edge, along with as-needed reactions to unanticipated developments and fresh market conditions.

Step-by-step explanation:

The subject of this question is Business.

A company's strategy is typically a blend of proactive actions to improve the company's financial performance and secure a competitive edge, along with as-needed reactions to unanticipated developments and fresh market conditions. This option, b), is the correct answer.

For example, a company may have a long-term strategy to expand its product line and enter new markets, while also making short-term adjustments based on changes in customer preferences or competitor actions. This flexible approach allows the company to stay competitive and adapt to the dynamic business environment.