Miles and Snow (1994) identify four main reasons for failure. Which of the following is one of those reasons?

A. Lack of competitive advantage

B. Lack of strategy competency

C. Lack of strategic resources

D. Poor judgement leading to poor, inappropriate strategic decisions

Answer: Option D

Solution(By Examveda Team)

Miles and Snow (1994) identify four main reasons for failure. Poor judgement leading to poor, inappropriate strategic decisions is one of those reasons. Miles and Snow suggest that business level strategies generally fall into one of four categories: prospector, defender, analyzer, and reactor.