Strategy is not: A. how to compete wth Rivals B. figuring out how to become the industry's low-cost provider. C. how to respond to economic conditions D. how to improve the efficiency of its business model. E. completing financial statements for the quarter filing The best overall answer in developing Strategy is: A. determine how best to sustain competitive advantage B. answering the questions: Where are we. Where are we going, When will we get there C. perform the four forces model D. exclusively determine the structure of the Industry E. none of the above A company's business model: A. concerns the actions and business approaches that will be used to grow the business, conduct operations, please customers, and compete successfully. B. is management's storyline for how it will generate revenues ample to cover costs and produce a C concerns what combination of moves in the marketplace it plans to make to outcompete rivals. D. deals with how it can simultaneously maximize profits and operate in a socially responsible manner that keeps its prices as low as possible. E. concerns how management plans to pursue strategic objectives, given the larger imperative of meet or beating its financial performance targets. The strategy expert from Harvard who studied Competitive Advantage is Jim Collins The most trustworthy signs of a well-managed company are: A. the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision. B. aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant. C. good strategy-making along with Company Alignment combined with good strategy execution. D. a visionary mission statement and a willingness to pursue offensive strategies rather than strategies. E. a profitable business model and a balanced scorecard approach to measuring the company's performance. Strategy is not: A. how to compete wth Rivals B. figuring out how to become the industry's low-cost provider. C. how to respond to economic conditions D. how to improve the efficiency of its business model. E. completing financial statements for the quarter filing The best overall answer in developing Strategy is: A. determine how best to sustain competitive advantage B. answering the questions: Where are we. Where are we going, When will we get there C. perform the four forces model D. exclusively determine the structure of the Industry E. none of the above A company's business model: A. concerns the actions and business approaches that will be used to grow the business, conduct operations, please customers, and compete successfully. B. is management's storyline for how it will generate revenues ample to cover costs and produce a C concerns what combination of moves in the marketplace it plans to make to outcompete rivals. D. deals with how it can simultaneously maximize profits and operate in a socially responsible manner that keeps its prices as low as possible. E. concerns how management plans to pursue strategic objectives, given the larger imperative of meet or beating its financial performance targets. The strategy expert from Harvard who studied Competitive Advantage is Jim Collins The most trustworthy signs of a well-managed company are: A. the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision. B. aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant. C. good strategy-making along with Company Alignment combined with good strategy execution. D. a visionary mission statement and a willingness to pursue offensive strategies rather than strategies. E. a profitable business model and a balanced scorecard approach to measuring the company's performance
