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Homework answers / question archive / University of Houston, Downtown MGT 4302 Quiz 1 1)The heart and soul of a company’s strategy-making effort   Which of the following statements about strategies is correct? Strategy is about competing differently from rivals and doing what competitors can't do

University of Houston, Downtown MGT 4302 Quiz 1 1)The heart and soul of a company’s strategy-making effort   Which of the following statements about strategies is correct? Strategy is about competing differently from rivals and doing what competitors can't do

Management

University of Houston, Downtown

MGT 4302

Quiz 1

1)The heart and soul of a company’s strategy-making effort

 

  1. Which of the following statements about strategies is correct?

Strategy is about competing differently from rivals and doing what competitors can't do.

The strategic choices a company makes are seldom easy decisions and often involve difficult trade-offs.

Every strategy needs a distinctive element that attracts customers and produces a competitive edge

 

  1. In evaluating proposed strategies, managers should                                                                                          

 

  1. A company's strategy

 

  1. When can a company achieve sustainable competitive advantage?

 

  1. Which of the following is not a condition that would lead managers to modify the company's strategy?
  2. Which of the following are among the tests a winning strategy must pass?
  3. Which of the following is not one of the basic reasons that a company's strategy evolves over time?

 

  1. The elements of a company's business model are
  2. What is the reason that a company's strategy tends to be a "work in progress" and evolves over time?

 

 

 

 

 

 

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