Answer the following statements true (T) or false (F)

Question

1. Bad planning is usually a result of top managers' inability to gather enough information. 
2. Planning is usually a straightjacket for new ideas, since it effectively blocks peripheral vision in favor of a predetermined course. 
3. A sustainable competitive advantage is the ability of an organization to produce goods or services more effectively than its competitors and outperform them. 
4. Ford's Sync in-dash communications platform, despite its high level of technology, has been unable to provide the company with a distinct competitive advantage. 

Answer 1

1. FALSE
Bad planning usually results from faulty assumptions about the future, poor assessment of an organization's capabilities, ineffective group dynamics, and information overload.
2. FALSE
Some people object that planning can foster rigidity, that it creates blinders that block out peripheral vision and reduces creative thinking and action. Actually, far from being a straitjacket for new ideas, strategic planning can help encourage them by stressing the importance of innovation in achieving long-range success.
3. TRUE
A sustainable competitive advantage is the ability of an organization to produce goods or services more effectively than its competitors do, thereby outperforming them.
4. FALSE
"Right now (using Sync)," says an automotive analyst, "Ford has redefined this market, and it has made it very difficult for anybody to enter the space and compete." In other words, Sync is a distinct competitive advantage for the car company, at least so far.