Calculating Competitive Strength Ratings for a Company and Comparing Them

question 98

Multiple Choice

Calculating competitive strength ratings for a company and comparing them against strength ratings for its key competitors helps indicate

• A)which weaknesses and vulnerabilities of competitors the company might be able to attack successfully.
• B)which competitors are in profitable strategic groups and which competitors are in unprofitable strategic groups.
• C)which competitors are employing offensive strategies and which competitors are employing defensive strategies.
• D)which competitors are likely to make money and which are likely to lose money in the years ahead.
• E)what the industry's key success factors are.

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Definitions:

Preoperational

A stage in Piaget's theory of cognitive development, where children from about 2 to 7 years old engage in symbolic play but lack logical reasoning.

Preconventional

The first level in Kohlberg's theory of moral development where moral reasoning is based primarily on the consequences of actions and on the benefits to the self.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals can think abstractly and systematically solve problems.

Initiative Vs. Guilt

The third stage of Erik Erikson's theory of psychosocial development, where children face the challenge of taking initiative in activities versus feeling guilty for their actions and thoughts.