In determining the success and failure of firms around the globe, strategic managers will look at :
A)How to acquire, leverage, and sustain competitive advantage over time.
B)A comparative analysis of industry-based, resource-based, and institution-based practices.
C) How to best standardize a firm's products and services on a worldwide basis.
D) A standardized balanced scorecard across industries.

Question

In determining the success and failure of firms around the globe, strategic managers will look at :
A)​How to acquire, leverage, and sustain competitive advantage over time.
B)​A comparative analysis of industry-based, resource-based, and institution-based practices.
C) ​How to best standardize a firm's products and services on a worldwide basis.
D) ​A standardized balanced scorecard across industries.

Quizplus · Accepted Answer

In determining the success and failure of firms, strategic managers will primarily focus on how to acquire, leverage, and sustain competitive advantage over time, as it is considered to be the key factor in achieving long-term success. While industry-based, resource-based, and institution-based practices are important considerations, they are not the primary focus of strategic managers. The standardization of products and services on a worldwide basis may be a goal for some firms, but it is not a determining factor in success or failure. A standardized balanced scorecard is a tool used to measure performance, but it is not the primary focus of strategic managers in determining success or failure.

In Determining the Success and Failure of Firms Around the Globe