What is an incremental strategy?
A. One that is formalized from the beginning and adhered to along the way exactly
B. One that evolves according to past experiences and changing circumstances
C. One that is formalized, but is slightly flexible if necessary
D. One that has the potential to open up new opportunities along the way which can be incorporated into the long term strategy
Answer: Option B
Solution(By Examveda Team)
One that evolves according to past experiences and changing circumstances is an incremental strategy. Incremental strategic planning identifies the changes an organization needs to implement in order to improve specific conditions, whether these are community conditions or organizational conditions. Incremental plans provide very clear direction on political and funding priorities.Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level
B. business level
C. functional level
D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies
B. Policies
C. Strength
D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level
B. Growth strategy
C. corporate strategy
D. functional strategy
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