Can You Avoid the Common Pitfalls of Business Strategy?

The art of planning and directing overall military operations and movements.

The response a firm should provide to adapt to the environment and perform well.

A plan of action designed to achieve a long-term or overall aim. (correct)

The way through which adaptation can be achieved.

Recognizing the components’ interdependence

Lack of a holistic approach (correct)

Ignoring other components of strategy

Lack of focus on one element of strategy

One-way influence from the environment to the firm

Dynamic and of mutual influence (correct)

One-way influence from the firm to the environment

Static and unchanging

<p>A plan of action designed to achieve a long-term or overall aim</p> Signup and view all the answers

<p>Dynamic and of mutual influence</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers