Which of the following is NOT one of the managerial considerations in determining how to compete successfully?

How can the company modify its entire product line to emphasize their internal service attributes?

A company’s strategy concerns:

management’s action plan for outperforming competitors and achieving superior profitability

A company’s strategy consists of the action plan management is taking to

grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve performance objectives.

The objectives of a well-crafted strategy require management to strive to:

develop lasting success that can support growth and secure the company’s future over the long term.

To improve performance, there are many different avenues for outcompeting rivals such as:

confining their operations to local or regional markets or developing product superiority or even concentrating on a narrow product lineup

A company’s strategy is most accurately defined as:

management’s commitment to provide direction and guidance, in terms of not only what the company should do but also what it should not do.

Every strategy needs:

a distinctive element that attracts customers and produces a competitive edge

Which of the following is NOT something a company’s strategy is concerned with?

Management’s choices about how quickly and closely to copy the strategies being used by successful rival companies

Which of the following is NOT a primary focus of a company’s strategy?

How to achieve above-average gains in the company’s stock price and thereby meet or beat shareholder expectations

A company’s strategies stand a better chance of succeeding when:

it is predicated on competitive moves aimed at appealing to buyers in ways that set the company apart from rivals.

In crafting a company’s strategy:

managers need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.

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MAN4900MT

Chapter 1

Question	Answer
Which of the following is NOT one of the managerial considerations in determining how to compete successfully?	How can the company modify its entire product line to emphasize their internal service attributes?
A company’s strategy concerns:	management’s action plan for outperforming competitors and achieving superior profitability
A company’s strategy consists of the action plan management is taking to	grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve performance objectives.
The competitive moves and business approaches a company’s management is using to grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve organizational objectives is referred to	strategy
The objectives of a well-crafted strategy require management to strive to:	develop lasting success that can support growth and secure the company’s future over the long term.
To improve performance, there are many different avenues for outcompeting rivals such as:	confining their operations to local or regional markets or developing product superiority or even concentrating on a narrow product lineup
A company’s strategy is most accurately defined as:	management’s commitment to provide direction and guidance, in terms of not only what the company should do but also what it should not do.
Every strategy needs:	a distinctive element that attracts customers and produces a competitive edge
Which of the following is NOT something a company’s strategy is concerned with?	Management’s choices about how quickly and closely to copy the strategies being used by successful rival companies
Which of the following is NOT a primary focus of a company’s strategy?	How to achieve above-average gains in the company’s stock price and thereby meet or beat shareholder expectations
A company’s strategies stand a better chance of succeeding when:	it is predicated on competitive moves aimed at appealing to buyers in ways that set the company apart from rivals.
In crafting a company’s strategy:	managers need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.

Created by: 10153487936430020

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