One of the Big Dangers in Crafting a Competitive Strategy

question 11

True/False

One of the big dangers in crafting a competitive strategy is that managers, torn between the pros and cons of the various generic strategies, will opt for "stuck in the middle" strategies that represent compromises between lower costs and greater differentiation and between broad and narrow market appeal.Explain your answer.

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Definitions:

Development Approach

A strategic process aimed at promoting growth, progress, or positive change within an individual, organization, or community.

Social Validity

The degree to which the goals, procedures, and outcomes of an intervention are acceptable and relevant to the people who are targeted, the stakeholders, and the society at large.

Behavioral Intent

A term used to describe the relation between the behaviors students exhibit and the outcomes they desire. When students act, even with behaviors considered to be inappropriate, they do so to achieve a result. The desired result, or outcome, can be viewed as the intent or function of the behavior. In turn, the intent of the behavior will affect the form (i.e., appearance) the behavior takes to achieve a desired outcome.

Coexisting Functions

The phenomenon where multiple factors or conditions operate or exist simultaneously, influencing outcomes or behaviors in complex ways.