A. Which of the following is not included in proven approaches to winning a sust
ID: 385425 • Letter: A
Question
A. Which of the following is not included in proven approaches to winning a sustainable competitive advantage?
Developing a low-cost-based advantage
Creating a broad differentiation-based advantage
Focusing on a narrow market niche within an industry
Developing a best-cost provider strategy
Crafting a broad-cost provider strategy
B.
The essence of strategy is
developing lasting success that can support growth and secure the company's future over the long term.
recreating a business model with regularity.
matching rival businesses' products and quality dimensions in the marketplace.
building profits for short-term success.
realigning the market to provoke change in rival companies.
C.
Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
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, or more attractive styling
Simply trying to mimic the successful strategies of rivals
Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
Developing expertise and resources that give the company competitive capabilities that rivals cannot easily imitate or trump with capabilities of their own
Developing a low-cost-based advantage
Creating a broad differentiation-based advantage
Focusing on a narrow market niche within an industry
Developing a best-cost provider strategy
Crafting a broad-cost provider strategy
B.
The essence of strategy is
developing lasting success that can support growth and secure the company's future over the long term.
recreating a business model with regularity.
matching rival businesses' products and quality dimensions in the marketplace.
building profits for short-term success.
realigning the market to provoke change in rival companies.
C.
Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?
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, or more attractive styling
Simply trying to mimic the successful strategies of rivals
Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
Developing expertise and resources that give the company competitive capabilities that rivals cannot easily imitate or trump with capabilities of their own
Explanation / Answer
A. Focusing on a narrow market niche within an industryFocusing on a narrow market niche within an industry
The narrow market niche is generally the subset of a particular industry based in which an organization may focus to have their operations and this actually does not help an organization have a competitive advantage.
B. developing lasting success that can support growth and secure the company's future over the long term.
Strategy is generally something that focusses on the long term and short term objectives of an organization for sustaining in the environment.
C. Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
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