Capstone C219 Questions – 100%
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A company's strategy concerns: ANSW ✔✔ Managements action plan for
outperforming competitors and achieving superior profitability.
A companies strategies stand a better chance of succeeding when: ANSW ✔✔
It is predicated on competitive moves aimed at appealing to buyers in ways
that set the company apart from its rivals.
A company achieves competitive advantage when: ANSW ✔✔ It provides
buyers with superior value compared to rival sellers or offers the same value at
a lower cost.
Winning and sustainable competitive edge over generally hinges on: ANSW
✔✔ 1. Having a distinctive competitive offering
2. Having "hard to beat" capabilities and impressive product innovation
3. Building experience, know-how, & specialized capabilities that have been
perfected over a long period of time
4. Building competitively valuable expertise & capabilities not readily matched,
& offering a distinctive product offering
Changing circumstances & ongoing managerial efforts to improve the strategy:
ANSW ✔✔ account for why a company's strategy evolves over time.
It is normal for a company's strategy to end up being: ANSW ✔✔ a blend of
proactive actions to improve the company's competitiveness & financial
, performance, & adaptive reactions to unanticipated developments, & fresh
market conditions.
In the course of crafting a strategy it is common for management to: ANSW
✔✔ 1. abandon certain strategy elements that have grown stale or obsolete
2. modify the current strategy, when market & competitive conditions turn, or
some aspects of the company strategy hit a stone wall
3. modify the current strategy in response to the fresh strategic maneuvers of
rival firms
4. take proactive actions to improve this or that piece of the strategy
The difference between the company's strategy & a company's business model
is: ANSW ✔✔ a company's strategy is management's game plan for achieving
strategic objectives while its business model is managements game plan for
achieving financial objectives.
The most telling signs of a well managed company are: ANSW ✔✔ good
strategy-making combined with good strategy execution.
Crafting and executing strategy are top-priority managerial tasks because:
ANSW ✔✔ it's managements prescription for doing business, it's roadmap to
competitive advantage, a game plan for pleasing customers, & its formula for
improving performance.
Which one of the following is NOT one of the 5 basic tasks of the strategy-
making, strategy-executing process? ANSW ✔✔ Developing a profitable
business model.