Suppose you are the chief strategist of a large bank. Say, it is a Fortune 500 c
ID: 394838 • Letter: S
Question
Suppose you are the chief strategist of a large bank. Say, it is a Fortune 500 company. The CEO asks you to recommend some reading material to her direct reports. She says that the reading material should preferably not be about businesses but one from which businesses can learn important lessons. You have decided to recommend the book chapter “Catastrophic failure, The French army and air force, May–June 1940” to her direct reports. Which of the following statements will you make about this reading as you introduce it to her. Identify the statement below that best captures what the reading is about.
Your direct reports should read this because it captures succinctly the relationship between spending on new technologies and the benefits of such spending.
Your direct reports will learn about the benefits of careful capital budgeting when planning to acquire new, expensive technologies.
Your direct reports will learn - when there is a swift and significant change in the technologies employed by our competitors, it is quite possible that there is an equally significant change in the strategy that they will adopt compete with (or disrupt) us.
Sudden changes in strategy are expensive and require careful capital budgeting.
A sudden and swift change in strategy favors the weaker party in a competitive situation.
a.Your direct reports should read this because it captures succinctly the relationship between spending on new technologies and the benefits of such spending.
b.Your direct reports will learn about the benefits of careful capital budgeting when planning to acquire new, expensive technologies.
c.Your direct reports will learn - when there is a swift and significant change in the technologies employed by our competitors, it is quite possible that there is an equally significant change in the strategy that they will adopt compete with (or disrupt) us.
d.Sudden changes in strategy are expensive and require careful capital budgeting.
e.A sudden and swift change in strategy favors the weaker party in a competitive situation.
Explanation / Answer
c. Your direct reports will learn - when there is a swift and significant change in the technologies employed by our competitors, it is quite possible that there is an equally significant change in the strategy that they will adopt compete with (or disrupt) us.
It is all about adaptability and management which organizations need to consider in order to be successful and effective in their approach towards the way business needs to progress and ensure high performance as well.
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