Strategy Is About Competing Differently Than Rivals; Thus, Strategy Success

question 94

Multiple Choice

Strategy is about competing differently than rivals; thus, strategy success is about

• A)the sources of sustained advantages and superior profitability.
• B)those emergent, unplanned, reactive, and adaptive plans that are more appropriate than deliberate or intended ones that drive the realized strategy.
• C)matching internal resources and capabilities to the industry environment.
• D)keeping the firm current with the rapid pace of change in the industry.
• E)replacing proactive and reactive measures by modified ongoing strategic elements to preserve company values.

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Definitions:

Marriage Market

A process in which prospective spouses compare the assets and liabilities of eligible partners and choose the best available mate.

Calling

A deep sense of purpose or strong inner impulse toward a particular course of action, especially in a career or vocational path.

Mutual Attraction

A reciprocal sense of physical or emotional appeal experienced between two or more individuals.

Social Exchange Theory

A theory suggesting that human relationships are formed based on a subjective cost-benefit analysis and the comparison of alternatives.