Management BSG Chapters 1-12 | 100 Questions with 100% Correct Answers | Latest Update | Verified

A company's strategy - consists of the competitive moves and business approaches that managers employ to attract and please customer, compete successfully, capitalize on opportunities to grow the business, respond to changing market conditions, conduct operations, and achieve the targeted financial and market performance. According to Figure 1.1, which of the following is not something to look for in identifying a company's strategy? - Actions to strengthen the company's competitive position by hiring one or more new top executives or laying off a portion of its work force or paying down its long-term debt. In endeavoring to craft an ethical strategy, company managers - have to go beyond what strategic actions and behaviors are deemed legal and address whether all the various elements of the company's strategy can pass the test of moral scrutiny. Which of the following is not a reason that a company's strategy evolves over time? - The ongoing need to frequently pursue entirely new ways to cut costs and boost profitability Excellent execution of an excellent strategy - is the best test of managerial excellence A company's strategy can be considered "ethical" - if it does not entail actions or behaviors that cross the moral line from "can do" to "should not do" (because such actions are unsavory, unconscionable, injurious to others, or unnecessarily harmful to the environment). A company's strategy evolves from one version to the next because of - the proactive efforts of company managers to improve this or that aspect of the strategy, a need to respond to changing customer requirements and expectations, and a need to react to fresh strategy maneuvers on the part of rival firms