6 Questions
What is the main focus of a firm striving to achieve sustained competitive advantage?
Outperforming rival firms
Which group of individuals is most responsible for the success or failure of an organization?
Strategists
What do vision statements primarily address?
Answering what the organization wants to become
Which of the following is an example of an internal strength for an organization?
Performing certain activities well relative to competitors
What type of trend could significantly benefit or harm an organization based on the text?
Rise in computer hacker problems
Which factor contributes to external opportunities and threats according to the text?
Rapid technological advancements
Explore important key terms in the field of strategic management, such as competitive advantage, strategists, and vision and mission statements. Learn about how firms achieve sustained competitive advantage and the role of individuals in organizational success.
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