The Chapter 3 Strategic Focus illustrates the challenge facing strategic managers in making decisions about the appropriate use of their companies' resources and capabilities. While a number of firms have successfully used resources and capabilities to earn above average returns, others have not been so successful.

Question

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The statement correctly portrays the challenge faced by strategic managers in making decisions about resource allocation and capability utilization. While some firms have been successful in using these factors to earn higher returns, others may not have been as successful.

The Chapter 3 Strategic Focus Illustrates the Challenge Facing Strategic