________ is the pattern of decisions and actions that managers take to use core competences to achieve a competitive advantage and outperform competitors.
A) Centralization
B) Innovation
C) Strategy
D) Value creation

Question

Quizplus · Accepted Answer

Strategy is the pattern of decisions and actions that managers take to use core competences to achieve a competitive advantage and outperform competitors. Centralization refers to the degree to which decision-making is concentrated at the top of the organization, while innovation is the process of creating something new or improved. Value creation is the act of increasing the perceived value of a product or service in the eyes of consumers. While all of these concepts may be important in business success, only strategy specifically relates to the use of core competencies to achieve competitive advantage.

________ Is the Pattern of Decisions and Actions That Managers