Which description is an example of corporate strategy formulation/implementation?

1.Chuck Robbinsa, a new CEO of Cisco Systems which is a networking equipment announced that the company would embrace the cloud service.

2.Uber attempts to disrupt traditional transportation industry by introducing a new business model in the market.

3.Amazon Prime Music has begun to establish itself by focusing on what may be a vast part of the audience for streaming music: casual listeners and families.

4.Apple introduced iPad Pro, aiming at business users.

Which one is not true about strategic renewal and innovation in business?

1.Innovators dilemma is a situation that only successful incumbent companies that have enough resources can satisfy picky customers in a niche market.

2.Strategic renewal includes the process, content, and outcome of refreshment or replacement of attributes that have the potential to substantially affect its long-term prospects in a company.

3.Major transformations in the strategic renewal process involve change in business model, technological base, and organizational structure.

4.Major changes in technology or customer demand can cause a company to fundamentally alter aspects of its strategy and organization.

5.Major change can make the core competence of a company useless.