A winning strategy is one that
A)builds strategic fit, is socially responsible, and maximizes shareholder wealth.
B)is highly profitable and boosts the company's market share.
C)fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.
D)results in a company becoming the dominant industry leader.
E)can pass the ethical standards test, the strategic intent test, and the profitability test.

Question

Quizplus · Accepted Answer

A winning strategy is one that fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. It should be tailored to the company's unique resources and capabilities and should create value for both customers and shareholders. Building strategic fit and being socially responsible are important components of this, but they are not sufficient on their own. Similarly, maximizing shareholder wealth and boosting market share can be important goals, but they should be pursued in the context of a broader strategy that considers the company's long-term prospects. Passing ethical, strategic, and profitability tests is also important, but again, these are not sufficient on their own to ensure that a strategy is truly winning.

A Winning Strategy Is One That