Managers must understand their company's resources and capabilities in order to select an effective strategy.

Name: Managers must understand their company's resources and capabilities in order to select an effective strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Understanding a company's resources and capabilities is crucial for selecting a strategy that takes advantage of these strengths and overcomes weaknesses. Without this understanding, a strategy may not be feasible or may not align with the company's potential for success.

Managers Must Understand Their Company's Resources and Capabilities in Order