Question 44 1 pts Crafting a strategy involves Tim Atten 28 O All of these accurately characterize the managerial process of crafting a company's strategy, O trying to imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage blending deliberate/planned initiatives with emergent/unplanned reactive responses to changing circumstances, while abandoning planned strategy elements that have failed in the marketplace. doing everything possible (in the way of price, quality, service, warranties, advertising, and so on) to make sure the company's product/service is very clearly differentiated from the product/service offerings of rivals. O developing a five-year strategic plan and then fine-tuning it during the remainder of the plan period. Next Previous Question 45 1 pt Functional strategies are normally crafted by the company's CEO and other senior executives concerns the actions, approaches, and practices related to particular functions or processes within a business specify what actions a company should take to resolve specific strategic issues and problems are concerned with how to unify the firm's several different operating strategies into a cohesive whole a None of these. Next