A company's overall strategy
A. should be based on a flexible strategic vision and strategic intent.
B. determines whether its strategic intent is proactive or reactive.
C. is really a collection of strategic initiatives and actions devised by managers and key employees up and down the whole organizational hierarchy.
D. is subject to being changed much less frequently than either its objectives or its mission statement and thus serves as the base of its strategy-making pyramid.
E. is customarily reviewed and approved level-by-level by the company board of directors.
Answer: C
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