Which of the Following Is the Proper Interpretation of a Strategic

question 3

Multiple Choice

Which of the following is the proper interpretation of a strategic thinking map of competitive advantages with the judgments of Value (High) ; Rareness (No) ; Imitability (Difficult) ; and Sustainable (Yes) ?

• A)No competitive advantage. Most competitors have the strength and those that do not can develop it easily and sustain it. Because the strength is widely possessed and can be sustained, it is likely that it already has become a minimum condition for long-term success.
• B)Long-term competitive advantage. This strength is rare in the service area, difficult to imitate by competitors, and can be sustained by the organization. If the value is very high, it may be worth "betting the organization" on this strength.
• C)Short-term competitive advantage. Because the strength is valuable and rare, competitors will do what is necessary to develop this easy-to-imitate strength. The organization should exploit this short-term advantage but should not base long- term strategies on this type of strength. Over time, this strength may become a minimum condition for long-term success.
• D)No competitive advantage. Many competitors possess the strength but it is difficult to develop, so care should be taken to maintain this strength. Because the strength is widely possessed and can be sustained, it is likely that it already has become a minimum condition for long-term success.

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Definitions:

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