Question $4$

A company's strategy is a "work in progress" and evolves over

time because of the

importance of developing a fresh strategic plan every year that

keeps employees from becoming bored with executing the same

strategy year after year.

ongoing need to imitate the new strategic moves of the industry

leaders.

need to make regular adjustments in the company's strategic

vision.

ongoing need of company managers to react and respond to

changing market and competitive conditions.

frequent need to modify key elements of the company's business

model.