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:

Self-Compassion

The act of being kind and understanding to oneself in instances of pain or failure, rather than being harshly self-critical.

Components

Fundamental parts or elements that make up a system, process, or compound.

Importance

A measure of significance or value given to an idea, object, or action.

Looking-Glass Self

A social psychological concept that suggests people form their self-identity based on how they believe others perceive them.