Final answer:
Realized strategy is the strategy that a company actually implements to achieve its goals. It often involves a combination of defensive moves to protect the company's market share and offensive initiatives to differentiate the company's product offering from that of its rivals. This blend of deliberate actions and unplanned reactions allows the company to improve its competitiveness and financial performance in response to changing circumstances and market conditions.
Step-by-step explanation:
Realized strategy is the strategy that a company actually implements to achieve its goals. It is not always the same as the original planned set of actions and business approaches developed by management. In fact, it often involves a combination of defensive moves to protect the company's market share and offensive initiatives to differentiate the company's product offering from that of its rivals. This blend of deliberate actions and unplanned reactions allows the company to improve its competitiveness and financial performance in response to changing circumstances and market conditions.