In crafting a company's strategy:
A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry.
B) managers have comparatively little freedom in choosing the "hows" of strategy.
C) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.
D) managers need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.
E) managers are well-advised to be risk-averse and develop a "conservative" strategy-"dare-to-be-different" strategies rarely are successful.
Correct Answer:
Verified
Q6: Every strategy needs
A)a distinctive element that attracts
Q15: The pattern of actions and business approaches
Q16: The heart and soul of a company's
Q18: A company's strategy consists of the action
Q19: What separates a powerful strategy from a
Q22: A company's strategy evolves over time as
Q23: The difference between a company's strategy and
Q24: One of the frequently used successful and
Q25: A company's realized strategy evolves from one
Q25: Strategy is about competing differently than rivals,thus
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents