Identifying the Strategic Issues a Company Faces and Compiling a "Worry

question 91

Multiple Choice

Identifying the strategic issues a company faces and compiling a "worry list" of problems and roadblocks is an important component of company situation analysis because

• A)without a precise fix on what problems/issues a company confronts,managers cannot know what are the industry's key success factors.
• B)the "worry list" sets the management agenda for taking actions to improve the company's performance and business outlook.
• C)without a precise fix on what problems/roadblocks a company confronts,managers are less clear about what value chain activities to benchmark.
• D)the "worry list" helps company managers clarify their thinking about how best to modify the company's value chain.
• E)these issues and obstacles must be cleared before management can focus clearly on what is the best strategy for the company to pursue.

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Definitions:

Convex Lenses

Optical lenses that curve outward, capable of bending light rays to converge at a focal point, often used in magnifying glasses.

"Minus" Lenses

Eyeglass lenses designed to correct myopia (nearsightedness) by diverging light rays before they reach the eye.

Conjunctiva

A thin, transparent membrane that covers the white part of the eyeball and the inner surfaces of the eyelids.

Choroid

A layer of the eye between the retina and the sclera, rich in blood vessels, that provides oxygen and nutrients to the outer parts of the retina.