In crafting a company's strategy: Answer 1 C) managers need to come up with some distinctive "aha" element to the strategy that draws in customers and produces a competitive edge over rivals. D) managers are well-advised to be risk-averse and develop a "conservative" strategy—"dare-to-be-different" strategies rarely are successful. A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry. B) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.
In crafting a company's strategy: Answer 1 C) managers need to come up with some distinctive "aha" element to the strategy that draws in customers and produces a competitive edge over rivals. D) managers are well-advised to be risk-averse and develop a "conservative" strategy—"dare-to-be-different" strategies rarely are successful. A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry. B) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.
Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment
Section: Chapter Questions
Problem 1CRQ: Why do managers use strategic analysis?
Related questions
Question
In crafting a company's strategy:
Answer 1
C) managers need to come up with some distinctive "aha" element to the strategy that draws in customers and produces a competitive edge over rivals.
D) managers are well-advised to be risk-averse and develop a "conservative" strategy—"dare-to-be-different" strategies rarely are successful.
A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry.
B) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.
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