As a Tool of Blue Ocean Strategy, the Strategy Canvas

question 25

Multiple Choice

As a tool of Blue Ocean Strategy, the strategy canvas provides a way to visualize the firm's strategy relative to other firms in the industry. The central portion of the strategy canvas is the __________, or the graphic representation of the firm's relative performance across its industry's factors.

• A) value curve
• B) strategy line
• C) strategic focus
• D) divergence curve
• E) action diagram

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Definitions:

Free-Rider Effect

A phenomenon where individuals benefit from resources or goods without contributing to the cost or effort involved in their production or provision.

Ethnomethodology

Method devised by Garfinkel, involving the violation of hidden norms to reveal their presence.

Personal Attraction

Liking for someone based on idiosyncratic preferences and interpersonal relationships.

Social Attraction

The force that draws individuals towards each other, leading to friendships, romantic relationships, or other forms of social connections.