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Zoom is a company that saw the need for videoconferencing. Our mission is to develop a people-centric cloud service that transforms the real-time collaboration experience and improves the quality and effectiveness of communications forever. Zoom is an example that shows which of the following?

- Effective planning should be an annual exercise.
- Sound strategic planning is based on creativity.
- Strategies can be used for several years without revision.
- A firm’s capabilities do not evolve.

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Final answer:

Zoom exemplifies the importance of sound strategic planning based on creativity by identifying a need for improved videoconferencing and leveraging technology to enhance global communication especially during the COVID-19 pandemic. this underscores the need for continuous adaptation and strategic evolution rather than static business strategies.

Step-by-step explanation:

Zoom as an Example of Sound Strategic Planning:

When we examine how Zoom addresses the need for videoconferencing with its mission statement, it provides a clear example of the importance of sound strategic planning based on creativity. in the rapidly evolving digital age, Zoom identified a critical need for enhanced real-time collaboration and leveraged cloud technology to build a service that significantly improves communication effectiveness. this approach showcases Zoom's strategic planning and its adaptability to meet the dynamic needs of global communication and collaboration. their strategy reflects an understanding that leveraging technology such as cloud storage, word processors and collaboration platforms can improve long-distance communications, which is especially critical in situations like the global pandemic where virtual relationships and work became more prevalent.

Furthermore, Zoom's rise during the COVID-19 pandemic, where people were seeking efficient ways to communicate and work remotely, signifies how essential it is for companies to adapt and evolve their capabilities to meet new challenges and changing market demands. This adaptability is contrary to the notion that strategies can remain unchanged for years or that a firm's capabilities do not evolve. Instead, Zoom's success demonstrates that strategic planning requires continual refinement and creativity to stay relevant and effective in a changing environment.

User Chethan Bandi
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