Blend of proactive and reactive strategy elements

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Reference no: EM13786274

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

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.

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 strategy elements that have grown stale or become ineffective.

The task of crafting strategy is a work in progress, not a one-time event.

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

Reference no: EM13786274

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