Question

Which of the following is not typically a trigger to an evolving strategy?

a) The need to respond to the newly initiated actions and competitive moves of rival firms

b) The need to abandon some strategy features that are no longer working well

c) The proactive efforts of company managers to fine-tune and improve one or more pieces of the strategy as conditions warrant

d) The need to respond to short-term swings in the stock market

Answer 1

The need to respond to short-term swings in the stock market is not typically a trigger for evolving a company's strategy, which tends to focus on long-term goals and adjustments.

Step-by-step explanation:

In regard to strategy evolution within a firm, d) The need to respond to short-term swings in the stock market is not typically a trigger for an evolving strategy. Strategic changes are usually driven by long-term considerations, not short-term market fluctuations. Companies alter strategies to address actions of rival firms, to eliminate ineffective strategy elements, or to proactively fine-tune the strategy as conditions change. A response to short-term stock market volatility would generally be considered a reactive and not strategic approach to managing a company's long-term vision and goals.