A company's strategy consists of the action plan management is taking to:
A) stake out a unique market position and achieve superior profitability.
B) compete against rivals and establish a transitory competitive advantage.
C) concentrate on improving the existing product offering irrespective of the changing and turbulent markets.
D) develop a more appealing business model than rivals.
E) identify its strategic vision,its strategic objectives,and its strategic intent.

Question

Quizplus · Accepted Answer

A company's strategy is its action plan that differentiates it from competitors and seeks to achieve superior profitability by staking out a unique market position. Option B is partially correct but does not capture the full essence of a company's strategy. Option C is incorrect as a good strategy takes changing and turbulent markets into account. Option D is incorrect as developing a more appealing business model is one aspect of a company's strategy but not the entire plan. Option E is incorrect as identifying strategic vision, objectives, and intent is part of the process of creating a strategy rather than the strategy itself.

A Company's Strategy Consists of the Action Plan Management Is