A company's strategy is a "work in progress" and evolves over time because of the Select one: a. frequent need to modify key elements of the company's business model. b. need to make regular adjustments in the company's strategic vision. c. ongoing need to imitate the new strategic moves of the industry leaders. d. ongoing need of company managers to react and respond to changing market and competitive conditions. e. importance of developing a fresh strategic plan every year that keeps employees from becoming bored with executing the same strategy year after year.

d. The ongoing need of company managers to react and respond to changing market and competitive conditions

Explanation:

As market changes and becomes more competitive, there is need to ensure that partially finished goods awaiting completion(work in progress) are completed.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;