The Pattern of Actions and Business Approaches That Would NOT

question 94

Multiple Choice

The pattern of actions and business approaches that would NOT define a company's strategy include actions to

• A) strengthen market standing and competitiveness by acquiring or merging with other companies.
• B) strengthen competitiveness via strategic coalitions and partnerships.
• C) upgrade competitively important resources and capabilities.
• D) gain sales and market share with lower prices despite increased costs.
• E) strengthen the firm's bargaining position with suppliers and distributors.

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Definitions:

Fortunate Accident

An unexpected event that leads to a positive outcome or benefit, often playing a valuable role in discoveries and innovations.

Creativity

The ability to generate novel and valuable ideas, solutions, or works that are original and imaginative.

Employee Self-esteem

An individual's sense of their own value and worth within the workplace, which can affect their job performance, satisfaction, and relations with others.

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant known for his work in the field of quality management.