Crafting a strategy involves

Select one:

a$.$ blending deliberate, planned initiatives with emergent, unplanned reactive responses to changing circumstances, while abandoning planned strategy elements that have failed in the marketplace.

b$.$ developing a five$-$year strategic plan and then fine$-$tuning it during the remainder of the plan period.

c$.$ trying to imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.

d$.$ doing everything possible $($in the way of price, quality, service, warranties, advertising, and so on$)$ to make sure the company's product and$/$or service is very clearly differentiated from the product and or service offerings of rivals.

e$.$ All of these accurately characterize the managerial process of crafting a company's strategy: