The conventional model of strategy implementation in mature industries suggests that strategy is:
A)Based on differentiation
B)Cost-based
C)Primarily reactive to remaining market opportunities
D)Always flexible

Question

Quizplus · Accepted Answer

The conventional model of strategy implementation in mature industries is cost-based, meaning that companies focus on improving efficiency and reducing costs to remain competitive. Differentiation may still play a role, but cost-cutting is the primary strategy. Strategy implementation in mature industries is not always flexible, as companies may be resistant to change due to established processes and systems. While there may be some reactive elements, companies in mature industries typically have a clear understanding of their market and competition and develop their strategic plans accordingly.

The Conventional Model of Strategy Implementation in Mature Industries Suggests