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The task of stitching together a strategy A . entails addressing a series of hows: how to grow the business, how to please customers, how
The task of stitching together a strategy
A
entails addressing a series of hows: how to grow the business, how to please customers, how to outcompete rivals, how to respond to changing market conditions, and how to achieve strategic and financial objectives.
B
is primarily an exercise in deciding which of several freshly emerging market opportunities to pursue.
C
is mainly an exercise that should be dictated by what is comfortable to management from a risk perspective and what is acceptable in terms of capital requirements.
D
requires trying to copy the strategies of industry leaders as closely as possible.
E
is mainly an exercise in good planning.
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