Actions taken in response to new strategic maneuvers by rival firms or other unanticipated market circumstances make up a company's strategy.

Emergent

Explanation:

As the term suggests, an emergent strategy refers to that strategy which emerges as a consequence of a particular situation.

Such strategies are not intended and never predetermined unlike various other strategies.

Business environment is dynamic which means it is prone to uncertainties and fluctuations. So a firm has to adapt and react to a particular situation in a time bound manner.

Actions in response to new strategic maneuvers by rivals or other unanticipated market circumstances make up a company's emergent strategy.

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explanation:

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