To Build a Competitive Advantage by Out-Managing Rivals in Performing

question 46

Multiple Choice

To build a competitive advantage by out-managing rivals in performing value chain activities, a company must

• A)position itself in the industry's more favorably situated strategic group.
• B)develop resource strengths that will enable it to pursue the industry's most attractive opportunities.
• C)develop core competencies and maybe a distinctive competence that rivals don't have or can't quite match and that are instrumental in helping it deliver attractive value to customers.
• D)outsource all of its value chain activities to world-class vendors and suppliers.
• E)eliminate its resource weaknesses.

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Definitions:

Positive Reinforcement

A method of encouraging desired behavior by offering rewards or positive outcomes.

Critical Project

A project of high importance that often has deadlines, specific goals, and significant consequences for success or failure.

Overcome Obstacle

The process of dealing with and successfully navigating around barriers or challenges.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.