Strategy is about competing differently than rivals; thus, strategy success is about
A)the sources of sustained advantages and superior profitability.
B)those emergent, unplanned, reactive, and adaptive plans that are more appropriate than deliberate or intended ones that drive the realized strategy.
C)matching internal resources and capabilities to the industry environment.
D)keeping the firm current with the rapid pace of change in the industry.
E)replacing proactive and reactive measures by modified ongoing strategic elements to preserve company values.

Question

Quizplus · Accepted Answer

Strategy success is ultimately measured by the ability of a company to achieve sustained advantages and superior profitability over competitors. This requires developing a unique and valuable position in the market that is difficult for rivals to replicate, and leveraging internal resources and capabilities to maintain that advantage over time. Emergent and adaptive plans may be useful in responding to changing market conditions, but they are not sufficient on their own to create sustained competitive advantage. Matching internal resources to the industry environment and staying current with industry changes are important elements of a successful strategy, but they are subordinated to the goal of achieving sustainable competitive advantage. Replacing proactive and reactive measures with ongoing strategic elements could be a useful approach for preserving company values, but it is not necessarily a recipe for strategic success in the competitive marketplace.

Strategy Is About Competing Differently Than Rivals; Thus, Strategy Success