In Evaluating Proposed or Existing Strategies Managers Should

question 36

Multiple Choice

In evaluating proposed or existing strategies managers should

• A)initiate new initiatives even though they don't seem to match the company's internal and external situation.
• B)scrutinize the company's existing strategies on a regular basis to ensure they offer a good strategic fit, create a competitive advantage, and result in above-average performance.
• C)evaluate the firm's business model at least every three years.
• D)ensure core capabilities are incorporated for establishing a competitive advantage.
• E)align existing strategies with new strategies to emphasize incremental gains.

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Definitions:

Shadow

In psychological terms, often refers to the unconscious aspect of the personality which the conscious ego does not identify in itself.

Firm Differentiation

The strategy of making a company's products or services distinct from its competitors in the eyes of customers, often through unique characteristics or superior quality.

Stigmatize

To brand or label something negatively, leading to discrimination or ostracization, often based on misconceptions or prejudice.