The Risks of a Focus Strategy Include

question 113

Multiple Choice

The risks of a focus strategy include:

• A) a competitor's ability to use its core competencies to out-focus the focuser by serving an even more narrowly defined segment.
• B) a competitor's ability to use its core competencies to out-focus the focuser by serving an even more broadly defined segment.
• C) decisions by industry-wide competitors to use their resources to serve a wider range of customers' needs than the focuser has been serving.
• D) decisions by focused competitors to use their resources to serve a wider range of customers' needs.

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Definitions:

Social Responsibility

The ethical framework suggesting that individuals or organizations have an obligation to act for the benefit of society at large.

Demand Legitimacy

The perceived appropriateness and justification of a demand or request made by stakeholders based on societal norms and values.

Stakeholders

Individuals or groups with an interest or concern in the success of an organization, project, or endeavor, including employees, customers, investors, and the community.

Operations

The day-to-day activities and processes undertaken by a business to produce goods or provide services efficiently and effectively.