The Objective of Competitive Strategy Is to

question 18

Multiple Choice

The objective of competitive strategy is to

• A) provide detail to the company's business model.
• B) build competitive advantage in the marketplace by giving buyers superior value relative to the offerings of rival sellers.
• C) get the company into the best strategic group and then dominate it.
• D) establish a competitively powerful value chain.
• E) grow revenues at a faster annual rate than rivals are able to grow their revenues.

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Definitions:

Comparison Other

Is the process of evaluating oneself by comparing with others, often used as a benchmark for self-assessment or self-improvement.

Expectancy Theory

is a psychological theory that suggests an individual's motivation is influenced by their expectation of the outcome and its value to them.

Four-Drive Theory

A framework in organizational behavior that identifies four basic motivational drives: the drive to acquire, bond, learn, and defend.

Maximize Motivation

The process of enhancing the drive or willingness of individuals or teams to perform their tasks to the best of their ability.