A cgood cstrategy cis ca cset cof cactions cthat cenables ca cfirm cto cachieve cits cown
cinternal cgoals cwithout cregard cto cthe cexternal cenvironment.
True
➜ False
The csuccess cof ca cstrategy cheavily cdepends con cthe cexternal cenvironment. cA cgood
cstrategy cis ca cset cof cactions cthat cenables ca cfirm cto cachieve csuperior cperformance
crelative cto cits ccompetitors. cIn cthis clight, ca cstrategy cwhich cproduces conly ca cminor
closs cof crevenues cwhile ccompetitors csuffer c heavy closses ccan cbe cseen cas csuccessful.
Difficulty: c2 cMedium Learning cObjective: c01-01 cExplain cthe crole
of cstrategy cin ca cfirm's cquest cfor
ccompetitive cadvantage.
Difficulty: c2 cMedium Learning cObjective: c01-05 cExplain cthe
Analysis, c Formulation, c Implementation
c (AFI) cStrategy cFramework.
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cpreview
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, For c All cChapters c --> c www.stuvia.com
4. Award:
Questions casked cduring c the c strategy canalysis c stage cof c the c AFI c framework c include
c “How c does cthe cfirm cmake cmoney?” cand c “What c effects cdo cforces c in cthe cexternal
cenvironment c have con cthe cfirm’s cpotential cto cgain cand csustain ca ccompetitive
cadvantage?”
➜ True
cFals
e
Strategy canalysis c involves c consideration c of c both cthe cfirm’s c internal c and c external
c environments, c and cthe crole cthat cstrategic cmanagers cplay cin cestablishing cand
cmaintaining ca ccompetitive cadvantage.
Strategic c leaders c make c decisions c under c conditions c of c uncertainty c and c complexity.
c They c must c carefully cmonitor cand cevaluate cthe cprogress ctoward ckey cstrategic
cobjectives cand cmake cadjustments cby cfine- ctuning cany cstrategy cas cnecessary.
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