Which of the following statements about a company's strategy is true?
a. A company's strategy is typically a blend of proactive and reactive strategy elements.
b. A company's strategy is typically planned well in advance and usually deviates little from the planned set of actions and business approaches because of the risks of making on-the-spot changes.
c. A company's strategy is mostly hidden to outside view and is deliberately kept under wraps by top-level managers (so as to catch rival companies by surprise when the strategy is launched).
d. A company's strategy is developed mostly on the fly because of the constant efforts of managers to come up with fresh moves to keep the company's product offering clearly different and set apart from the product offerings of rival companies.
e. A company's 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.