Question

Strategies are never _______
(different/static)

Hint:

A successful strategy must be flexible and adaptable, constantly evolving to keep up with changes in the business environment.

Answer 1

Step 1: Understanding strategy.
A strategy in business refers to the long-term plan or approach taken by an organisation to achieve its goals. It involves careful planning and adaptation to market trends, competition, and other external factors.
Step 2: Why are strategies not static?
Strategies are never static because they need to adapt to changing circumstances such as market conditions, technological advancements, and competition. A static strategy would become obsolete over time as these factors evolve.
Step 3: Conclusion.
A strategy must always remain dynamic, allowing an organisation to respond to external changes. Hence, strategies are never static.