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What is the key variable in executing visionary strategy creation at the competitive strategy level?

What is the key variable in executing visionary strategy creation at the competitive strategy level? Correct Answer Innovation

Innovation is the key variable in executing visionary strategy creation at the competitive strategy level. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products.

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A company paid Rs. 6,00,000 as bonus to its employees at different levels A, B and C. Each employee at level A receives one and half times of the amount that was paid to each employee at level B and each employee at level B was paid twice the amount paid to the employee at level C. If 50 employees were on level A, 75 on level B and 100 on level C, how much amount was paid to each employee of level A ?
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"S produces and sells one product, P, for which the data are as follows:
Selling price Rs 28
Variable cost Rs 16
Fixed cost Rs 4
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Statement II The product of coefficient of correlation between X and Y variables and the ratio between standard deviation of X variable to standard deviation of Y variable measures the slope of the regression line of X on Y variable.
Given below are the steps of strategy management. Arrange them in proper order and choose the correct answer for the same.
1. Strategy Formulation
2. Environmental Scanning
3. Strategy Evaluation
4. Strategy Implementation
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