Having Good Competitive Intelligence About Rivals' Strategies,latest Actions and Announcements,resource

question 65

Multiple Choice

Having good competitive intelligence about rivals' strategies,latest actions and announcements,resource strengths and weaknesses,and moves to improve their situation is important because it

• A)identifies who the industry's current market share leaders are.
• B)helps a company to anticipate what moves rivals are likely to make next and to craft its own strategic moves.
• C)helps identify which rival is in which strategic group.
• D)enables company managers to determine which rival has the worst strategy and how to avoid making the same strategy mistakes.
• E)enables more accurate predictions about how long it will take a particular rival to copy most of what the strategy leader is doing.

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Definitions:

Team Decisions

Decisions made collectively by a group of individuals working together, pooling their expertise and perspectives to achieve a common goal.

Decision-Management

A systematic approach to making decisions in an organization that includes processes, tools, and governance to improve outcomes.

Team Development

The process of enhancing the effectiveness and capabilities of a team through various strategies and activities.

Marginal Revenue

The additional income received from selling one more unit of a good or service, critical for determining optimal production levels.