Organizational strategy week 5

Strategy is.......

• a set of goal-directed actions a firm takes to gain good human capital and profit

• a set of goal-directed actions a firm takes to gain and sustain superior performance

  relative to competitors

• a set of actitivies a firm takes to gain and sustain superior performance

  relative to competitors

• a set of market oriented actions firms takes to gain and sustain superior performance

  relative to competitors

Choose the wrong answer

• A firm that achieves superior performance relative to other competitors in the same industry

  or the industry average has a competitive advantage

• To assess competitive advantage, we compare firm performance to either the performance of other firms in the different industry or an industry

  average

• Competitive advantage is always

  relative, not absolute

• A firm that is able to outperform its competitors or the industry average over a prolonged

  period has a sustainable competitive advantage

Samsung underperforms Apple for years, it can be called.....

• Samsung has non-profit over its rival

• Samsung has a profit over its rival

• Samsung has a competitive advantage

• Samsung has a competitive disadvantage

Strategic positioning requires.........

• trade-offs

• luxury market segment

• different strategic position

• everyday low prices

Stakeholder strategy is an integrative approach to managing..........

• stakeholders' actitivities

• a diverse set of stakeholders

• stakeholders' perception with firms

• a divers set of shareholders