Question

A company's business strategy is not likely to include

a) actions to respond to changing market conditions or other external factors.
b) actions to strengthen competitiveness via strategic alliances and collaborative partnerships.
c) actions to strengthen internal capabilities and competitively valuable resources.
d) actions to manage the functional areas of the business.
e) management's actions to revise the company's financial and strategic performance targets.

Answer 1

A company's business strategy does not typically include actions to manage the functional areas of the business.

Step-by-step explanation:

A company's business strategy is not likely to include actions to manage the functional areas of the business. Business strategy refers to the actions and decisions made by a company to achieve its long-term goals and objectives. These typically involve actions to respond to changing market conditions, strengthen competitiveness through alliances and partnerships, strengthen internal capabilities and resources, and revise financial and strategic performance targets. Managing the functional areas of the business, such as operations, marketing, finance, and human resources, is a tactical aspect of implementing the business strategy.