Which of the following statements about a company's strategy is false?
A company's strategy is deliberately kept under wraps by top-level managers so as to catch rival companies by surprise and keep them off-balance.
A portion of a company's strategy is always developed on the fly because of the ongoing need to react and adapt to unanticipated events and changing circumstances.
A company's strategy typically evolves over time, partly because of the periodic need to abandon strategy elements that have grown stale or become ineffective.
The task of crafting strategy is a work in progress, not a one-time event.
A company's strategy is typically a blend of proactive and reactive strategy elements.