Doing a Competitive Strength Assessment Entails

question 67

Multiple Choice

Doing a competitive strength assessment entails

• A) determining whether a company has a cost-effective value chain.
• B) ranking the company against major rivals on each of the important factors that determine market success and ascertaining whether the company has a net competitive advantage or disadvantage versus major rivals.
• C) identifying a company's core competencies and distinctive competencies (if any).
• D) analyzing whether a company is well positioned to gain market share and be the industry's profit leader.
• E) developing quantitative measures of a company's chances for future profitability.

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Definitions:

Organization-Level

Pertains to processes, characteristics, or outcomes that are collective in nature and pertain to the entirety of an organization.

Merit Pay

A compensation strategy that rewards employees based on their performance and achievements, rather than their tenure or position.

Profit Sharing

A company's practice of distributing a portion of its profits to its employees, often as a part of their compensation package.

Piece Rate Plan

A compensation system where employees are paid based on the quantity of work they produce or tasks they complete.