Question: Please answer all 4 and I will thumbs up!!! Which of the following statements about a company's strategy is false? Well-crafted company strategies rarely need



Which of the following statements about a company's strategy is false? Well-crafted company strategies rarely need to be changed unless one or more important rival firms launch unexpected strategic initiatives that endanger the company's long-term profitability. A company's present strategy is always temporary and on trial, pending management's next round of strategy initiatives, the emergence of new industry and competitive conditions, and other unfolding developments that management believes warrant strategy adjustments. A company's strategy evolves from one version to the next as managers abandon obsolete or ineffective strategy elements, settle upon a set of proactive strategy elements, and then-: as new circumstances unfold--make adaptive strategic adjustments (these adaptive strategy adjustments represent reactive strategy elements). Typically, managers proactively modify this or that aspect of their strategy as new learning emerges about which pieces of the strategy are working well and which aren't and as they explore and test new ideas for strategy improvement. A company's strategy tends to be a blend of (1) proactive actions to improve the company's financial performance and secure a competitive edge and (2) as-needed reactions to unanticipated developments and fresh market conditions. Among all the things managers do, nothing affects a company's ultimate success or failure more fundamentally than the ability of top management to develop a superior business model and to execute the company's strategy in the most cost-effective manner. top management's success in executing both the company's customer value proposition and profit proposition. how well its management team charts the company's direction, develops competitively effective strategic moves and business approaches, and pursues what needs to be done internally to produce good day-in/day-out strategy execution and operating excellence. their ability to operate the company in a manner that both pleases customers and results in above-average profitability. the degree to which the company is able to achieve a sustainable competitive advantage. Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Version 1273219 Copyright 2023 by Glo-Bus Software, Inc. The difference between a company's strategy and a company's business model is that a company's strategy is management's game plan for delivering value to customers while its business model is management's game plan for meeting the conditions of its profit formula or profit proposition and delivering value to shareholders. the strategy concerns how to compete successfully and the business model concerns how to deliver value to customers in the most cost-efficient manner. a company's strategy is management's game plan for delivering value to customers whereas a company's business model is the game plan for delivering value to shareholders. a company's strategy concerns how to outcompete rivals while its business model concerns how to achieve high levels of customer satisfaction. strategy relates broadly to a company's competitive moves and business approaches (which may or may not lead to profitability) while its business model relates to whether the company can execute its customer value proposition profitably. Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Version 1273219 Copyright (2023 by Glo-Bus Software, Inc. According to Figure 1.1, which of the following is not something to look for in identifying a company's strategy? and other key activities Actions to strengthen marketing standing and competitiveness via mergers, acquisitions, strategic alliances, or collaborative partnerships Actions to compete more successfully and profitably by offering buyers more or better performance features, more appealing design, higher quality, better customer service, wider product selection, or other such attributes that enhance buyer appeal Actions to boost the company's earnings per share and stock price Actions to enter new product segments or geographic markets or to exit existing ones
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