10 Questions
Which one of the following best describes the purpose of business strategy?
To develop a sustainable competitive advantage
What is a strategy?
An integrated set of choices that positions an organization to generate superior performance over the long run
What are the two most fundamental strategic decisions?
Where should we focus on creating value and how should we organize to create value
What must organizations do to form an effective strategy?
All of the above
What does it mean for a competitive advantage to be sustainable?
To ensure that the advantage lasts for an extended period
Which one of the following is the purpose of business strategy?
To ensure a competitive advantage
What is a sustainable competitive advantage?
An advantage that lasts for an extended period
What is strategy?
A set of choices that generates superior performance
What must organizations do to form an effective strategy?
All of the above
What are the two most fundamental strategic decisions?
Where to focus on creating value and how to organize
Explore the purpose and definition of business strategy in this informative quiz. Discover how a well-developed strategy can provide a sustainable competitive advantage and position an organization for long-term success. Test your knowledge on strategic choices and their impact on achieving superior performance.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
