Strategic initiatives are established to address emerging threats and opportunities in the business environment. Organizations continuously evaluate external and internal factors to remain competitive and mitigate risks.
Option A (Risk tolerance) influences strategy, but it is not the primary driver for creating new initiatives.
Option B (Performance) is an outcome rather than a primary driver.
Option D (Governance) provides structure but does not directly drive the need for new initiatives.
Since businesses prioritize initiatives in response to external threats and internal opportunities, option C is the correct answer.
[Reference: IIA CIA Exam – Business Acumen & Strategic Planning, , , ]
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