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This question belongs to Management Strategic Management

Strategic Management

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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 & Solution

Correct Answer: Option B

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.

Question posted by Examveda

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