Which of the following statements about a company's strategy is false?

A company's strategy is typically a blend of proactive and reactive strategy elements.

A portion of a company's strategy is always developed on the fly because of the ongoing need to react and adapt to unanticipated events and changing circumstances.

A company's strategy typically evolves over time, partly because of the periodic need to abandon or replace strategy elements that have grown obsolete, become ineffective, or are no longer working well.

A company's strategy is deliberately kept under wraps by top$-$level managers so as to catch rival companies by surprise and keep them off$-$balance.

The task of crafting strategy is a work in progress, not a one$-$time or every$-$now$-$and$-$then event.