Question: In crafting a company's strategy, managers Multiple Choice have comparatively little freedom in choosing the hows of strategy. are well-advised to be risk-averse and

In crafting a company's strategy, managers Multiple Choice have comparatively little freedom in choosing the "hows" of strategy. are well-advised to be risk-averse and

In crafting a company's strategy, managers Multiple Choice have comparatively little freedom in choosing the "hows" of strategy. are well-advised to be risk-averse and develop a "conservative" strategy-"dare-to-be-different" strategies are rarely successful. need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals. are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility. face the biggest challenge of how closely to replicate strategies of successful companies in the industry. A company achieves a competitive advantage when it Multiple Choice provides buyers with superior value compared to rival sellers or offers the same value at a lower cost. has profitable business model. is consistently able to achieve both its strategic and financial objectives. is able to maximize shareholder wealth. has a strategy well-matched to its business model.

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