Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
A)Aiming for a cost-based competitive advantage
B)Outcompeting rivals on the basis of such differentiating features as higher quality,wider product selection,added performance,better service,or more attractive styling
C)Simply trying to mimic the successful strategies of rivals
D)Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
E)Developing expertise and resources that give the company competitive capabilities that rivals cannot easily imitate or trump with capabilities of their own

Question

Quizplus · Accepted Answer

Simply trying to mimic the successful strategies of rivals is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage. It is not advisable to follow the exact same strategy as a rival because it does not differentiate the company from its competitors and does not provide a sustainable competitive advantage. Instead, companies need to develop their own unique strategies that give them a competitive edge in the market.

Which of the Following Is Not a Frequently Used Strategic