As a Tool of Blue Ocean Strategy, the Strategy Canvas

question 25

Multiple Choice

As a tool of Blue Ocean Strategy, the strategy canvas provides a way to visualize the firm's strategy relative to other firms in the industry. The central portion of the strategy canvas is the __________, or the graphic representation of the firm's relative performance across its industry's factors.

• A) value curve
• B) strategy line
• C) strategic focus
• D) divergence curve
• E) action diagram

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Definitions:

Decision Model

A mathematical or conceptual framework used to help make decisions, often by evaluating different alternatives and their potential outcomes.

Spreadsheet

A digital document made up of rows and columns forming cells, used for organizing, analyzing, and storing data in tabular form.

Slack

In optimization, slack refers to the difference between the resources available and the resources used, indicating unused capacity or flexibility.