Should a Company's Strategy Be Tightly Connected to Its Quest

question 46

Essay

Should a company's strategy be tightly connected to its quest for competitive advantage? Why or why not? What difference does it makes whether a company has a sustainable competitive advantage or not?

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Definitions:

Ethical Concerns

Issues or situations that require a consideration of what is right and wrong in terms of conduct or morality.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge to benefit society.

Deception

The act of misleading or falsely persuading others, often involving concealing the truth or providing incorrect information.

Random Assignment

A method used in experiments where participants are allocated to different groups in a way that every participant has an equal chance of being assigned to any group, ensuring variation across them.