In crafting a company's strategy, managers

Multiple Choice

$$ face the biggest challenge of how closely to replicate strategies of suc industry.

$$ have comparatively little freedom in choosing the "hows" of strategy.

$$ are wise not to decide on concrete courses of action in order to prese flexibility.

$$ need to come up with a sustainable competitive advantage that draws a competitive edge over rivals.

$$ are well$-$advised to be risk$-$averse and develop a "conservative" strate strategies are rarely successful.