Question

Which of the following options account for why a company's strategy evolves over time, explains why a company's strategic vision undergoes almost constant change, makes it very difficult for a company to have concrete strategic objectives, and makes it very hard to know what a company's strategy really is?

1) account for why a company's strategy evolves over time
2) explain why a company's strategic vision undergoes almost constant change
3) make it very difficult for a company to have concrete strategic objectives
4) make it very hard to know what a company's strategy really is
5) All of these

Answer 1

Values shifts, flexibility in uncertainty, and their upshot on strategies are the primary reasons why a company's strategy evolves over time, its strategic vision undergoes almost constant change, strategic objectives become difficult to set, and the actual strategy is hard to determine. Hence, the correct answer is option (1).

Step-by-step explanation:

The primary reason why a company's strategy evolves over time, its strategic vision undergoes almost constant change, strategic objectives become difficult to set, and the actual strategy is hard to determine is due to Values Shifts, Flexibility in Uncertainty, and their Upshot on Strategies.

Values shifts refer to changes in societal values and preferences. These shifts can impact a company's strategy as it needs to align its offerings and messaging with the evolving values of its target market.

Flexibility in uncertainty refers to the need for companies to adapt to changing market conditions and unpredictable events. This requires a company to adjust its strategy to remain competitive and take advantage of emerging opportunities.

The upshot on strategies refers to the challenges and predicaments that arise due to these shifts and uncertainties. As a result, concrete strategic objectives become difficult to establish, and it becomes challenging to determine what a company's strategy truly is.