Asked by Olivia Anne Samonte on Jul 08, 2024
Verified
Amazon.com's founder, Jeff Bezo's credits ___________ for his company's strength during the Great Recession.
A) closing half their brick and mortar store locations
B) strategic farsightedness (long-term thinking)
C) strategic shortsightedness (short-term thinking)
D) selling to Google
E) borrowing money
Great Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, which was officially observed in December 2007 – June 2009.
Strategic Farsightedness
The ability of individuals or organizations to anticipate and plan for future challenges and opportunities with long-term perspectives.
- Comprehend the notion of strategic farsightedness and its significance for the success of an organization.
- Understand the impact of strategic planning on business performance and the importance of strategic management for all organizational members.
Verified Answer
MK
Manasi KadamJul 14, 2024
Final Answer :
B
Explanation :
Bezos credits strategic farsightedness, specifically focusing on long-term thinking rather than short-term gains, for Amazon's strength during the Great Recession.
Learning Objectives
- Comprehend the notion of strategic farsightedness and its significance for the success of an organization.
- Understand the impact of strategic planning on business performance and the importance of strategic management for all organizational members.
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