What is said to be the key factor in maintaining organizational growth (e.g., Hurst 1995)?
A. Entrepreneurial vision
B. Planning
C. Innovation
D. Flexibility
Answer: Option D
Solution(By Examveda Team)
Flexibility is said to be the key factor in maintaining organizational growth (e.g., Hurst 1995). Strategic flexibility is the organization's. capability to identify major changes in the external environment, quickly commit. resources to new courses of action in response to those changes, and recognize and act. promptly when it is time to halt or reverse existing resource commitments.Related Questions on Strategic Management
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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