When It Is Difficult or Impossible to Out-Strategize Rivals (Beat

question 106

Multiple Choice

When it is difficult or impossible to out-strategize rivals (beat them with a superior strategy) , the other main avenue to competitive advantage is to

• A)do a better job of empowering employees and flattening the organization structure.
• B)outcompete rivals with a stronger corporate culture.
• C)out-execute them (beat them by performing certain value chain activities in superior fashion).
• D)beat them with a healthy corporate culture based on such core values as high ethical standards, a strong sense of corporate social responsibility, and genuine concern for customer well-being.
• E)institute a more motivating and cost-efficient compensation and reward system.

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Definitions:

Labor Force Participation

The percentage of the working-age population that is either employed or actively seeking employment.

Pace Of Life

The speed at which life's activities and events occur, varying greatly between different societies and within urban versus rural settings.

Secularism

The principle of separating the government institutions and the persons mandated to represent the state from religious institutions and religious dignitaries.

Ultimate Meaning

The deepest significance or purpose of existence, often explored in philosophical, spiritual, and religious contexts.