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Crafting and Executing Strategy Chapter 4 Evaluating a Company's Resources and Competitive Posi

Crafting and Executing Strategy Chapter 4 Evaluating a Company's Resources and Competitive Posi

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Chapter 4 1. Evaluating a company's resources and competitive position does not include developing answers to which one of the following questions? A)How good is the company's value chain? B)Is the company competitively stronger or weaker than key rivals? C)What are the company's resource strengths and weaknesses and its external opportunities and threats? D)Are the company's prices and costs competitive? E)What strategic issues and problems merit front-burner managerial attention? 2. Which one of the following is not helpful in identifying the components of a single- business company's strategy? A)The company's moves to respond to changing conditions in its macro-environment and in industry and competitive conditions B)The scope of the company's geographic coverage C)The company's resource strengths and weaknesses D)The company's key functional strategies E)The company's planned, proactive moves to outcompete rivals and its efforts to build competitive advantage 3. Which one of the following is not a good indicator of how well a company's present strategy is working? 4. SWOT analysis
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A)consists of three steps (as shown in Figure 4.2): identifying a company's resource strengths and weaknesses and its opportunities and threats, drawing conclusions about the company's overall situation, and translating the conclusions into strategic actions to improve the company's strategy and business prospects. B)provides a quick overview of where on the scale from "alarmingly weak" to "exceptionally strong" the attractiveness of the company's overall business situation ranks. C)helps provide a basis for matching the company's strategy to its internal resource capabilities and its external opportunities and threats. D)helps identify a company's core competencies and competitive capabilities and the seriousness of its resource weaknesses and competitive deficiencies. E)All of these.
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