Which One of the Following Statements Does NOT Accurately Describe

question 48

Multiple Choice

Which one of the following statements does NOT accurately describe an aspect of Michael Porter's generic strategies model?

• A) Porter's generic strategies focus on business-level strategy formulation.
• B) Porter's generic strategies include stars, cash cows, dogs and question marks.
• C) Sources of competitive advantage reflect whether the advantage is sought through lower price or product uniqueness.
• D) The market scope and source of competitive advantage variables combine to generate four generic strategies that an organisation can pursue in seeking to gain a strategic advantage.
• E) Market scope measures the breadth or narrowness of the target market.

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Definitions:

Enables People

Empowering or giving individuals the means to achieve goals, perform tasks, or make certain decisions.

Participative Approach

A method or strategy where individuals are encouraged to take part in decision-making processes, often leading to increased engagement and ownership.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Goal-Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide individual or organizational direction.