Question

A company's strategy consists of the action plan management takes to

a) stake out a unique market position and achieve superior profitability.

b) compete against rivals and establish a transitory competitive advantage

c) concentrate on improving the existing product offering irrespective of the changing and turbulent markets.

d) develop a more appealing business model than rivals.

e) dentify its strategic vision, its strategic objectives, and its strategic intent.

Answer 1

Option 'A' is correct

A company's strategy consists of the action plan management takes to stake out a unique market position and achieve superior profitability.

A company's strategy is the set of actions that its managers take to outperform the company's competitors and achieve superior profitability.