What are the three tests of a winning strategy?
What will be an ideal response?
A winning strategy must pass three tests:
• The fit test: No strategy can work well unless it exhibits good external fit and is in sync with prevailing market conditions.
• The competitive advantage test: Winning strategies enable a company to achieve a competitive advantage over key rivals that is long-lasting. The bigger and more durable the competitive advantage, the more powerful it is.
• The performance test: The mark of a winning strategy is strong company performance. Two kinds of performance indicators tell the most about the caliber of a company's strategy: (1) competitive strength and market standing and (2) profitability and financial strength.
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Which of the following is true of the Public Company Accounting Oversight Board?
A) All members of the Public Company Accounting Oversight Board have to be certified public accountants (CPAs). B) The Public Company Accounting Oversight Board was created by the Tax Reform Act of 1976. C) The Securities and Exchange Commission (SEC) has oversight and enforcement authority over the board and its functioning. D) The Public Company Accounting Oversight Board lacks the power to initiate any disciplinary actions against defaulting accountants.
The television news ________ Emily's attention because she longs to be a reporter
a. captures b. capture
The cost of making and delivering a product to the customer is referred to as
A) supply chain responsiveness. B) supply chain efficiency. C) cost-responsiveness efficient frontier. D) implied uncertainty.
Which of the following statements is false in relation to choosing a supplier?
A. Purchasers should consider price, quality, and reliability when choosing a supplier. B. Purchasers should always be on the lookout for new suppliers. C. Purchasers should ensure that the credit terms a supplier offers are agreeable to their company. D. Purchasers should consider the quality of life for employees and management in the proposed location. E. Purchasers should focus on having only one supplier for each material needed.