The purpose of developing a list of strategy-related issues and problems a company faces is to O enable company managers to determine the company's chances for gaining a sustainable competitive advantage, given its current lineup of company's resources and competitive capabilities and its expertise in performing its value chain activities. O help company managers identify what specific strategic actions a company should take over the next several years. O help company managers pinpoint the company's 5 or 6 best strategy alternatives for improving the company's strategy. O help managers evaluate the company's prospects for future competitive success and attractive long-term profitability in light of the prevailing competitive forces and industry driving forces O create an agenda of items that need to be addressed in crafting a set of strategic actions that fit the company's overall situation.

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment
Section: Chapter Questions
Problem 1CRQ: Why do managers use strategic analysis?
icon
Related questions
Question
The purpose of developing a list of strategy-related issues and problems a company faces is to
enable company managers to determine the company's chances for gaining a sustainable
competitive advantage, given its current lineup of company's resources and competitive
capabilities and its expertise in performing its value chain activities.
O help company managers identify what specific strategic actions a company should take over
the next several years.
O help company managers pinpoint the company's 5 or 6 best strategy alternatives for
improving the company's strategy.
O help managers evaluate the company's prospects for future competitive success and
attractive long-term profitability in light of the prevailing competitive forces and industry
driving forces.
O create an agenda of items that need to be addressed in crafting a set of strategic actions that
fit the company's overall situation.
Transcribed Image Text:The purpose of developing a list of strategy-related issues and problems a company faces is to enable company managers to determine the company's chances for gaining a sustainable competitive advantage, given its current lineup of company's resources and competitive capabilities and its expertise in performing its value chain activities. O help company managers identify what specific strategic actions a company should take over the next several years. O help company managers pinpoint the company's 5 or 6 best strategy alternatives for improving the company's strategy. O help managers evaluate the company's prospects for future competitive success and attractive long-term profitability in light of the prevailing competitive forces and industry driving forces. O create an agenda of items that need to be addressed in crafting a set of strategic actions that fit the company's overall situation.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Principles of Management
Principles of Management
Management
ISBN:
9780998625768
Author:
OpenStax
Publisher:
OpenStax College
Management, Loose-Leaf Version
Management, Loose-Leaf Version
Management
ISBN:
9781305969308
Author:
Richard L. Daft
Publisher:
South-Western College Pub
Marketing
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
MARKETING 2018
MARKETING 2018
Marketing
ISBN:
9780357033753
Author:
Pride
Publisher:
CENGAGE L
Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
Management
ISBN:
9781305502215
Author:
Richard L. Daft, Dorothy Marcic
Publisher:
Cengage Learning
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning