9 Questions
Which of the following best defines strategy?
A set of interdependent choices that address certain questions
What is the purpose of a value proposition in a strategy?
To differentiate from competitors
What is the difference between operational effectiveness and strategy?
Operational effectiveness is necessary for superior performance, while strategy is about choosing a unique position
Strategy can be defined as a distinctive array of interdependent choices that address certain ______.
questions
Value proposition: Why do customers come to you and not go to your ______.
competitors
Operational Effectiveness Necessary for superior performance/profitability, but not enough for sustainable long term ______.
success
Strategy is about choosing a unique, valuable position that's rooted in a system of activities that are hard for other companies to match, providing _______ advantage.
competitive
Sources of ______ advantage: What strategic choices have you made, to either create differentiation or a low-cost strategy, and what strategic choices have you made, with respect to investments, activities, resources, and capabilities that really allows you to create a sustainable competitive advantage.
competitive
Desired outcome: What do you want to ________.
achieve
Test your knowledge of strategy with this quiz! Learn about the key elements of strategy, including desired outcomes, competition, and value proposition. Challenge yourself to understand the interdependent choices that shape successful strategies.
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