A. Which of the following is an issue not likely to be addressed by a company\'s
ID: 385424 • Letter: A
Question
A. Which of the following is an issue not likely to be addressed by a company's business strategy?
Actions to respond to changing economic and market conditions
Actions to supplement the company's resources and capabilities through alliances and joint ventures
Reactions to offensive moves by rival sellers
Actions and approaches used in managing the functional areas of the business
Actions and approaches to mimic rivals’ moves in the marketplace
B.
Managers of every company should be willing and ready to modify their strategy because
market conditions and circumstances are changing over time or the current strategy is clearly failing.
the task of crafting strategy is a one-time event.
the strategic vision necessitates periodic updating.
frequent changes in strategy make it very more difficult for rivals to imitate.
all strategies are reactive.
C.
Which of the following is a not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
Striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage
Outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, or technological superiority
Pursuing a best-cost strategy, giving customers more value for the money by satisfying buyers’ expectations on key quality/features/performance/service attributes, while beating their price expectations
Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
Copying rivals on their competitive moves
Actions to respond to changing economic and market conditions
Actions to supplement the company's resources and capabilities through alliances and joint ventures
Reactions to offensive moves by rival sellers
Actions and approaches used in managing the functional areas of the business
Actions and approaches to mimic rivals’ moves in the marketplace
B.
Managers of every company should be willing and ready to modify their strategy because
market conditions and circumstances are changing over time or the current strategy is clearly failing.
the task of crafting strategy is a one-time event.
the strategic vision necessitates periodic updating.
frequent changes in strategy make it very more difficult for rivals to imitate.
all strategies are reactive.
C.
Which of the following is a not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
Striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage
Outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, or technological superiority
Pursuing a best-cost strategy, giving customers more value for the money by satisfying buyers’ expectations on key quality/features/performance/service attributes, while beating their price expectations
Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
Copying rivals on their competitive moves
Explanation / Answer
A.
Ans. - Business Strategies are refered for long term functions and planning for achieving some goals, here
3.) Reactions to offensive moves by rival sellers
is not an issue of business strategy it may be a part of tactical or operational strategy.
B.
Ans.-
1.) market conditions and circumstances are changing over time or the current strategy is clearly failing.
C.
Ans. -
4.) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche
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