Question

According to the author, there are five hedging strategies organizations can pursue. One of them is: Select one: a. commit with fallback b. Do not commit c. commit with no fallback d. allow independent thought

Answer 1

Answer:

The correct answer is letter "A": commit with fallback.

Explanation:

American Professor Alfred A. Marcus (born 1950) in his book "The Future of Technology Management and the Business" (2015) describes that hedging may be a strategy to shield businesses from the rapidly evolving world they face as a result of the continuous implementation of technology in the market. According to Marcus, there are 5 hedge approaches that firms should implement:

1. Gamble on the most probable: work on the product with the highest success rate.
2. Take the robust route: invest in as many products as possible.
3. Delay until further clarity emerges: waiting for a proper moment to react in front of market changes.
4. Commit with a fallback: adapt according to the market.
5. Try to shape the future: innovate.