Podcast
Questions and Answers
What are the two areas that the EF can be divided into?
What are the two areas that the EF can be divided into?
- Autonomy, profitability, and continuity
- Market to target and its competitive system, and structure
- Positioning and competitive strategy, and social strategy (correct)
- Product and service offered, and system of stakeholders
What is the main factor that leads to enduring competitive advantage in a successful EF?
What is the main factor that leads to enduring competitive advantage in a successful EF?
- Profitability
- Continuity (correct)
- Stakeholder satisfaction
- Coherent product and service offered
What is the difference between economic success and competitive success in evaluating an EF?
What is the difference between economic success and competitive success in evaluating an EF?
- Economic success is influenced by favorable external conditions, while competitive success is influenced by internal inconsistencies
- Economic success is about attracting resources, while competitive success is about stakeholder satisfaction
- Economic success is about generating profits, while competitive success is about positioning (correct)
- Economic success is based on evidence, while competitive success is based on ROI
What are the four broad attributes that determine the success of a nation's industries, according to Chapter 6?
What are the four broad attributes that determine the success of a nation's industries, according to Chapter 6?
What is the definition of strategy, according to Chapter 2?
What is the definition of strategy, according to Chapter 2?
What are the five competitive forces that shape strategy, according to Chapter 1?
What are the five competitive forces that shape strategy, according to Chapter 1?
Which of the following is a strategic choice that companies must make in response to the changing nature of products?
Which of the following is a strategic choice that companies must make in response to the changing nature of products?
What is the main factor that determines the nature of industry competition and the average profitability for incumbent competitors?
What is the main factor that determines the nature of industry competition and the average profitability for incumbent competitors?
What is the fundamental question that smart, connected products will force many companies to ask themselves?
What is the fundamental question that smart, connected products will force many companies to ask themselves?
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