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Management · Q215

Strategic Management

Graduate and Post Graduate · Management · question 215

Q215

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

Answer: Option D

Solution

Answer: Option D
Solution:
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.