Crafting a Strategy Involves

Multiple Choice

Crafting a strategy involves

A) trying to imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.
B) developing a 5-year strategic plan and then fine-tuning it during the remainder of the plan period; big changes in strategy are thus made only once every 5 years.
C) stitching together a proactive/intended strategy and then adapting first one piece and then another as circumstances surrounding the company's situation change or better options emerge.
D) doing everything possible (in the way of price, quality, service, warranties, advertising, and so on) to make sure the company's product/service is very clearly differentiated from the product/service offerings of rivals.
E) All of these accurately characterize the managerial process of crafting a company's strategy.