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Which of the following statements about crafting a strategy to be competitively successful in the markets for action cameras and drones IS true? Whether a
Which of the following statements about crafting a strategy to be competitively successful in the markets for action cameras and drones IS true?
Whether a company is operating cost efficiently is not especially important in devising a successful and profitable strategy, so long as its salesmarket shares of cameras drones in the geographic regions are above the regional averages.
Once a company devises a strategy and set of competitive actionsefforts that is competitively successful, it does not have to pay much attention to responding and adjusting its strategy and competitive actionsefforts to combat the shifting strategies and competitive efforts of rival companies.
For a company to compete successfully, it needs to exert greater competitive efforts on all competitive factors for cameras and competitive factors for drones than every other rival company.
Very often the most appealing competitive approach a company can employ is a "more value for the money" strategy for example, selling star cameras and drones at lower prices than other star brands where your competitive advantage is an ability to incorporate "upscale" product attributes with high buyer appeal at a lower cost than rivalsand thereby underprice rival brands of cameras and drones having comparable attributes and ratings.
In GLOBUS, there are multiple strategic approaches and sets of competitive effortsaction that, if properly designed and wellexecuted, are capable of producing competitive success in the global market for camerasdrones provided they are not overpowered or thwarted by even more potent strategic approaches and competitive actionsefforts that are wellexecuted by rival companies.
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