The Goal of Strategy Is to Find A(n) ________ That

question 47

Multiple Choice

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizations are not likely to challenge or dislodge it.

• A) strategic fit.
• B) propitious niche.
• C) common thread.
• D) business screen.
• E) implicit strategy.

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Definitions:

Uncertainty

The condition of being uncertain or the lack of predictability in events, outcomes, or the future, often requiring risk management strategies in business.

Probability

A statistical measure indicating the chance of a particular event or outcome happening, often expressed as a fraction or percentage.

Systematic Thinkers

Individuals who approach problems in a methodical and structured manner, considering all components and their interconnections.

Nonverbal Cues

Communication methods other than spoken or written words, including gestures, body language, facial expressions, and eye contact.