BSG TEST
Which of the following is not among the choices and decisions a company makes in crafting its strategy -
Answer-How to boost the company's credit rating and stock price
A company's strategy evolves from one version to the next - Answer-as managers abandon obsolete or
ineffective strategy elements, settle upon a set of proactive strategy elements, and then as new
circumstance unfold-- make adaptive strategic adjustments, which gives rise to reactive strategy
elements
A winning strategy is one that - Answer-fits the company's internal and external situation, improves
company performance, and helps achieve sustainable competitive advantage
Which of the following is not a frequently used strategic approach to setting a company apart from
rivals, delivering superior value, achieving competitive advantage, and converting buyers into loyal
customers? - Answer-striving to be more profitable than rival and aiming for a competitive edge based
on bigger profit margins
Based on Figure 1.1 Which of the following is not something to look for in identifying a company's
strategy - Answer-actions to raise or lower the company's performance targets and actions to pay down
the company's long-term debt
Crafting and executing strategy are top-priority managerial task because - Answer-how well a company
performs and the degree of market success it achieves are directly attributable to the caliber of its
strategy and the proficiency with which strategy is executed
