Which of the following statements about a company's strategy is true? A company's strategy is mostly hidden to outside view and is deliberately kept under wraps by top-level managers (so as to catch rival companies by surprise when the strategy is launched). A company's strategy is typically planned well in advance and usually deviates little from the planned set of actions and business approaches because of the risks of making on-the-spot changes. A company's strategy generally changes very little over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy. A company's strategy is typically a blend of proactive and reactive strategy elements.