The Heart and Soul of a Company's Strategy-Making Effort

question 38

Multiple Choice

The heart and soul of a company's strategy-making effort

• A) is figuring out how to become the industry's low-cost provider.
• B) is figuring out how to maximize the profits and shareholder value.
• C) concerns how to improve the efficiency of its business model.
• D) deals with how management plans to maximize profits while, at the same time, operating in a socially responsible manner that keeps the company's prices as low as possible.
• E) involves coming up with moves and actions that produce a durable competitive edge over rivals.

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Definitions:

Microsoft Excel

A spreadsheet program developed by Microsoft that allows users to organize, format, and calculate data with formulas using a system of cells arranged in rows and columns.

Database Administrator

A person responsible for the installation, configuration, upgrade, administration, monitoring, and maintenance of databases in an organization.

Large Organizations

Businesses or entities that operate on a large scale, typically involving many people, complex structures, and widespread operations.

Electronic Data

Information that is stored in a digital format, which can be created, accessed, and processed electronically.