strategy-adjustment

Vocabulary Word

Definition

'Strategy-adjustment' involves making changes to your current strategy or game plan. It's like when a sports team changes their game plan at halftime because their current strategy isn't working.

Examples in Different Contexts

In product development, strategy adjustment is essential when feedback from market testing indicates that changes are needed. A product manager might explain, 'Based on customer feedback, we're making strategy adjustments to better meet user needs and preferences, ensuring our product's market fit.'

Practice Scenarios

Business

Scenario:

Such fluctuations in the market are unprecedented. It is necessary to rethink our current approach.

Response:

I agree. It's time to make a strategy adjustment to align with the new market conditions.

Impact

Scenario:

The local community isn't as receptive to the project as we had expected. We need to involve them more in the process.

Response:

Yes, crafting a strategy adjustment to genuinely boost local involvement is what this project needs to succeed.