Question

Which of the following statements about a company’s realized strategy is true? A company’s realized strategy is usually kept secret. A company’s realized strategy is typically a blend of deliberate and planned initiatives, and emergent and unplanned reactive strategy elements. A company’s realized strategy is developed mostly on a day-to-day basis because of the constant efforts of managers to keep rival companies at a disadvantage. A company’s realized strategy is typically planned well in advance and usually deviates little from the planned set of actions. A company’s realized strategy generally changes very little over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy.

Answer 1

Answer: A company's realized strategy is typically a blend of deliberate and planned initiatives, and emergent and unplanned reactive strategy elements.

Explanation: In simple words, the strategy that is actually followed by an organisation is called its realized strategy. These strategies are the conclusion of the intended strategies that are made by the organisations from the beginning of the planning process.

Thus a realized strategy can be defined as a group of planned initiatives and strategies that are modified as per the situation.