Approaches to winning sustainable competitive advantage

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Reference no: EM132211655

1. Which of the following is not included in proven approaches to winning a sustainable competitive advantage?

Developing a low-cost-based advantage

Creating a broad differentiation-based advantage

Focusing on a narrow market niche within an industry

Developing a best-cost provider strategy

Crafting a broad-cost provider strategy

B. The essence of strategy is

developing lasting success that can support growth and secure the company's future over the long term.

recreating a business model with regularity.

matching rival businesses' products and quality dimensions in the marketplace.

building profits for short-term success.

realigning the market to provoke change in rival companies.

C. Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

Aiming for a cost-based competitive advantage

Outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, or more attractive styling

Simply trying to mimic the successful strategies of rivals

Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche

Developing expertise and resources that give the company competitive capabilities that rivals cannot easily imitate or trump with capabilities of their own

Reference no: EM132211655

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