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A company's business strategy is not likely to include: a) Actions to respond to changing market conditions or other external factors. b) Actions to strengthen competitiveness via strategic alliances and collaborative partnerships. c) Actions to manage the functional areas of the business. d) Management's actions to revise the company's financial and strategic performance targets.
A company's business strategy is not likely to include: a) Actions to respond to changing market conditions or other external factors. b) Actions to strengthen competitiveness via strategic alliances and collaborative partnerships. c) Actions to manage the functional areas of the business. d) Management's actions to revise the company's financial and strategic performance targets.
Final answer:While a company's business strategy includes actions about market trends, competitiveness, and functional area management, revising financial and strategic performance targets is mainly about performance management, not strategy. As a company grows, informationavailabilityencourages investment, and focusing on core competency can enhance success.Explanation:A company's business strategy typically includes decision-making and actions responding to external factors, strengthening competitiveness through alliances, managing the functional areas of the business, etc. However, management's actions to revise the company's financial and strategic performance targets would usually fall under the realm of corporate performance management, not necessarily the business strategy.As a firm becomes established, their strategy would be designed to lead to profits. With accessible information about thecompany's products, revenues, costs, and profits, external investors like bondholders and shareholders often feel confident to provide financial capital to the firm.A focused approach can also contribute to its success. For instance, a business that concentrates on a few products or its'core competency'often sees better success than firms aiming for a wide range of products.Learn more about Business Strategy here:brainly.com/question/28561700#SPJ11...