Question
Which of following statements is/are true concerning strategic positioning? Once a firm has chosen a position, it is unwise to change it, even though the
Which of following statements is/are true concerning strategic positioning?
Once a firm has chosen a position, it is unwise to change it, even though the company or business environment might change. | ||
If a firm does decide to compete on more than one strategic position, it must carefully execute both strategies to be successful. | ||
Since the business environment is always changing, rather than stick constantly with one strategic position, firms should pay close attention during times of change, and adjust their strategies accordingly. | ||
A firm following both competitive strategies is likely to succeed only if it achieves one of the strategies very well. |
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