When It Is Difficult or Impossible to Out-Strategize Rivals (Beat

question 69

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 them 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:

Normal Approximation

A statistical method where a binomial distribution is approximated using the normal distribution, usually applied when sample sizes are large.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Eligible Voters

Individuals who meet certain criteria, such as age and citizenship status, making them qualified to vote in an election.

Primary Election

A preliminary election where voters decide their party’s candidates for a forthcoming general election.