The heart and soul of a company's strategy-making effort
A) is figuring out how to become the industry's low-cost provider.
B) is figuring out how to maximize the profits and shareholder value.
C) concerns how to improve the efficiency of its business model.
D) deals with how management plans to maximize profits while, at the same time, operating in a socially responsible manner that keeps the company's prices as low as possible.
E) involves coming up with moves and actions that produce a durable competitive edge over rivals.

Question

Quizplus · Accepted Answer

The heart and soul of a company's strategy-making effort is all about coming up with moves and actions that produce a durable competitive edge over rivals. This means figuring out how to differentiate themselves from competitors in a way that will be difficult to replicate, and ultimately create lasting value for the company. While improving efficiency, maximizing profits, and operating in a socially responsible manner may be important aspects of a company's strategy, they are not the central focus. Becoming the industry's low-cost provider may also be a potential strategy, but this is just one possible approach and may not be the best fit for every company.

The Heart and Soul of a Company's Strategy-Making Effort