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:

Cross-cultural Analysis

The examination of how cultural differences impact behavior, practices, and values across different societies or cultural groups.

Global Analysis

The comprehensive examination and evaluation of global markets, including trends, economic factors, and conditions that affect business operations and strategy on a worldwide scale.

Creolization

The process through which creole languages and cultures emerge from the blending of different societies and traditions.

Global Consumption Ethic

The set of moral principles and values that guide consumption behaviors on a global scale, often promoting sustainability and ethical consumerism.