$20\mathrm{.}5$ points

Hambrick and Fredrickson argue that a strategy must have five elements $($arenas$,$ vehicles, differentiators, staging, and economic logic. According to them, without all five elements, a statement of strategy is merely a:

generic strategy

vision statement

marketing catchphrase.

strategic thread

$0\mathrm{.}5$ points

According to Hambrick and Fredrickson, it is not only necessary but sufficient to have all five elements of the strategy diamond defined.

True

False