A Broad-Scope Strategy

question 46

Multiple Choice

A broad-scope strategy: 

• A) is vulnerable to the risk that market demand does not materialize as expected and/or changes over time.
• B) opens the firm up to many different "fronts" of competition.
• C) focuses the firm on producing customized products, localized business operations, and high levels of craftsmanship.
• D) offers a way of reducing some competition-related risks.

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Definitions:

Peak Experiences

Intense moments of self-fulfillment and happiness where one feels a sense of wholeness and satisfaction.

Peak Performance

Achieving the highest level of performance capability of an individual or group, often under specified conditions.

Flow

A state of intense focus and immersion in activities, where individuals lose sense of time and self, often leading to high levels of productivity and creativity.

Elitist

a term used to describe a person or class of people considered to be superior to others, often in terms of intellect, wealth, or social status.