When the ceo and senior management of a books, music, and games distributor systematically evaluate the company’s internal and external environment to evaluate the vision and mission and develop objectives, which aspect of strategy formulation are they engaged in?

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.