During the Process of Formulating an Effective Business Model, a Firm's

Multiple Choice

During the process of formulating an effective business model, a firm's managers should first

A) transform their strategy of how to compete into a blueprint of actions and initiatives.
B) implement their strategy at corporate, strategic business unit, and functional levels.
C) implement their blueprint of actions and initiatives through structures, processes, culture, and procedures.
D) evaluate the firm's strategy already in effect and take corrective actions if necessary.