The value of doing competitive strength assessment is to
A)determine the competitiveness of the company's core competencies.
B)learn if the company's market opportunities are better than those of its rivals.
C)learn whether a company has a distinctive competence.
D)learn how the company ranks relative to rivals on each of the important factors that determine market success and ascertain whether the company has a net competitive advantage or disadvantage vis-à-vis key rivals.
E)determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

Question

Quizplus · Accepted Answer

The value of doing competitive strength assessment is to learn how the company ranks relative to rivals on important factors that determine market success and ascertain whether the company has a net competitive advantage or disadvantage vis-à-vis key rivals. This helps in identifying areas where the company needs to improve or leverage its strengths to gain an edge over competitors. Options A, B, C, and E are either too narrow or do not capture the full value of competitive strength assessment.

The Value of Doing Competitive Strength Assessment Is to