• Home Page
  • What Separates A Powerful Strategy From A Run Of-The-Mill Or Ineffective One Is

What Separates A Powerful Strategy From A Run Of-The-Mill Or Ineffective One Is

Decent Essays
Show More
Register to read the introduction… What separates a powerful strategy from a run-of-the-mill or ineffective one is A) the ability of the strategy to keep the company profitable. B) the proven ability of the strategy to generate maximum profits. C) the speed with which it helps the company achieve its strategic vision. D) management's ability to forge a series of moves, both in the marketplace and internally, that sets the company apart from rivals, tilts the playing field in the company’s favor, and produces sustainable competitive advantage over rivals. E) whether it allows the company to maximize shareholder value in the shortest possible time.

Answer: D Page: 9 Learning Objective: 1 Difficulty: Easy Taxonomy: Comprehension AACSB: Value Creation

16. Which of the following is a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage? A) Striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive …show more content…
E) so long as none of the company’s strategic actions adversely affect the business of rival firms.

Answer: A Page: 13 Learning Objective: 1 Difficulty: Medium Taxonomy: Comprehension AACSB: Ethics/Legal Responsibilities

34. Which of the following actions would not typically be employed by senior executives with strong ethical convictions? A) Placing organizational checks and balances in place to monitor employee behviors B) Clearly indicating all company personnel are expected to act with integrity C) Forbidding the pursuit of ethically questionable business opportunities D) Ensuring each element of the company’s strategy complies only with legal standards E) Providing guidance to employees regarding gray areas related to ethical behaviors

Answer: D Page: 13 Learning Objective: 1 Difficulty: Medium Taxonomy: Comprehension AACSB: Ethics/Legal Responsibilities 35. A company's strategy can be considered “unethical” or shady A) if any of its actions constitute “unfair

Related Documents

  • Improved Essays

    Sandwich Blitz Summary
    • 460 Words
    • 2 Pages

    Sandwich Blitz Summary

    Business leaders are faced with unethical decisions daily. Their actions, although they may feel are ethical in certain situations turns out to be unethical behavior. Responses to this type behavior doesn’t always work out for the good of the company and can become serious in a matter of minutes. In Dalman’s situation, they are in violation of the law with the trash dumpsters and the property line.…

    • 460 Words
    • 2 Pages
    Improved Essays
    Read More
  • Improved Essays

    Cookie-Cutter Strategies
    • 384 Words
    • 2 Pages

    Cookie-Cutter Strategies

    There is no silver bullet that will transform student retention rates in a few days. Student success will happen over time, not overnight. We cannot dismiss the urgency of the moment. We must be fully committed to perform every function, take advantage of every opportunity, and be accountable for every responsibility so that student success becomes a reality. Academic institutions have developed best practices that we can follow.…

    • 384 Words
    • 2 Pages
    Improved Essays
    Read More
  • Improved Essays

    Organizational Culture At Verizon
    • 367 Words
    • 2 Pages

    Organizational Culture At Verizon

    When reading the case study with this objective; Identify which organizational culture being utilizes as the main focus of the Verizon wireless company; In all honesty, Verizon seemed to have a finger in all four squares. Such as, the Clan culture- with the use of participation and communication. With the facts like this; “we distribute videos via VZTube, our internal YouTube site.” (Kinicki & Williams, 2013) Version has over 83,000 members using this communication and training tool. Secondly, Adhocracy culture- Adaptability, creativity, and agility.…

    • 367 Words
    • 2 Pages
    Improved Essays
    Read More
  • Decent Essays

    The Ethical Treatment Of Lydia
    • 210 Words
    • 1 Pages

    The Ethical Treatment Of Lydia

    From a management standpoint, the ethical decisions made could have been refined and the treatment of Lydia's problem been handled in a professional matter. The administrative body has multiple responsibilities to all of the invested stakeholders, including Lydia. Although management covered their ethical responsibilities to the community, it appears as though there was a lapse in the ethical, fair, and moral treatment of Lydia herself. Even through the process of follow-up communication with Lydia, the management agents could have fulfilled their obligation to treat Lydia with virtue and demonstrated a strength of character. All management and administrative practices of ethical conduct seem geared toward the treatment of two separate concerns:…

    • 210 Words
    • 1 Pages
    Decent Essays
    Read More
  • Improved Essays

    Strategical Prowess
    • 673 Words
    • 3 Pages

    Strategical Prowess

    Throughout the history of the United States the navy has consistently demonstrated a strategical prowess, even when the odds are stacked against them. Our Navy has had many different places across history, starting from the bottom fighting against forces that vastly outnumber our own such as the British during the war of 1812, to World War 2 against the Japanese fighting foes that will do anything to win, and being a massive supporting force like during Korea and Vietnam. Each time the scenario was different and enemy had a different tactic but the U.S., with great leadership and determination, the united states navy has become a global force for good. As America exited the revolutionary war period there was many different disagreements and…

    • 673 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Individual Nurse Burnout Analysis
    • 633 Words
    • 3 Pages

    Individual Nurse Burnout Analysis

    Leadership refers to the ability to guide, motivate, and inspire, and to instill vision and purpose Management refers to activities such as planning, organizing, directing, and controlling with the purpose of accomplishing specific goals and objectives within an organization. The very best managers also are leaders, although this may not always happen. As acuity levels in hospitals have risen, concerns about the nurse to patient ratio have become prominent. Inadequate staffing contributes to burnout because nurses are unable to meet all the needs of patients.…

    • 633 Words
    • 3 Pages
    Improved Essays
    Read More
  • Decent Essays

    Hrm 531 Week 4 Talent Management And Leadership
    • 497 Words
    • 2 Pages

    Hrm 531 Week 4 Talent Management And Leadership

    1. Workforce demographics: Workforce crises are featured by shortage of skilled labor in the market. It’s the role of the vocational and higher learning institutions to supply the market with candidates who have competent skills and talents. On the other side, on-job career development is a strategy that solves organizational leadership crises before they materialize.…

    • 497 Words
    • 2 Pages
    Decent Essays
    Read More
  • Great Essays

    Aristotle Ran General Motors
    • 1486 Words
    • 6 Pages

    Aristotle Ran General Motors

    If Aristotle Ran General Motors by Tom Morris explores four profound but simple foundations that are universally accessible, pervasively applicable and incredibly effective. Morris draws from philosophers of the centuries, from Plato to Aristotle to the present day, for insight that is applicable to both business and personal life. Foundations While, this paper will focus on Chapter 7 The Moral Dimension at Work and Chapter 8 The Challenge of Ethical Action, which relate to the topic of Goodness, I will provide a brief review of the origin and reason behind the book. Tom Morris studied business administration, since he came from business-oriented family; however, he was interested in philosophy for deeper understanding of human nature.…

    • 1486 Words
    • 6 Pages
    Great Essays
    Read More
  • Brilliant Essays

    What Is The Importance Of Ethics In Business Ethics
    • 1804 Words
    • 8 Pages
    • 6 Works Cited

    What Is The Importance Of Ethics In Business Ethics

    When employees in organizations make decisions to act unethically, they affect not only the company itself, but also its shareholders, employees and customers. Employees make a countless number of choices every day in businesses, if they act unethical, they can damage a company's productivity, profits and…

    • 1804 Words
    • 8 Pages
    • 6 Works Cited
    Brilliant Essays
    Read More
  • Superior Essays

    Case Study Of Susan Shapiro: Workplace Safety
    • 1119 Words
    • 5 Pages

    Case Study Of Susan Shapiro: Workplace Safety

    What are the ethical duties? Personal Virtues – Under this companies are allow to follow their own set of rules, may be profit maximization. They can decide what is right and wrong or fair and not fair for others. If the company could get corrective actions to provide benefits to the employees, this will definitely built up their image. This will increase the company’s reputation in the industry and this is something they could really be proud of.…

    • 1119 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    The Importance Of Formal Strategic Planning
    • 1170 Words
    • 5 Pages

    The Importance Of Formal Strategic Planning

    Competitive advantage is established when an unpredicted strategy is executed successfully that are “rare, valuable, and non-substitutable” (SBA, 2014). A company’s competitive advantages are likely to endure over time if there is low to no competition in the same area of business. A business will also maintain the advantage over competition if the surrounding atmosphere has no demand. “Competitiveness derives from an ability to build, at lower cost and more speedily than competitors, the core competencies that spawn unanticipated products” (Prahalad & Hamel, 1990). Built within a company’s formal strategic plan would be specific and identifiable proficiencies that allow a competitive advantage to be developed using a well detailed palpable set of assets.…

    • 1170 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Product Differentiation In The Case Of Domino's Pizza
    • 832 Words
    • 4 Pages

    Product Differentiation In The Case Of Domino's Pizza

    A perfect generic strategy is one which can provide a company with a competitive advantage over other companies in the market and has the potential to help the company to sustain its level of growth in the market. A company or a business organisation should always select a strategy after identifying its requirements and needs and analysing the existing trends in the market. Based on its needs and requirements, a company can choose from three major strategic options––cost leadership, differentiation and focus––in order to achieve a sustainable competitive advantage.…

    • 832 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Asm Swot Analysis
    • 866 Words
    • 4 Pages

    Asm Swot Analysis

    Hello Team, ASM is on autopilot and has been for some time. It is our job to change that way of thinking and the actions that follow. We must be intentional about ASM’s path to its desired destination. Plotting the course beforehand is a sure way to deliver a positive result. I find it interesting that many companies do not have a planned strategy.…

    • 866 Words
    • 4 Pages
    Improved Essays
    Read More
  • Great Essays

    Whittington Case Study
    • 2935 Words
    • 12 Pages

    Whittington Case Study

    But Michael Porter defines different from how to get a competitive advantage by acting different and unique value delivered to customers. In addition to the strategy Baker-defined as the framework that provides guidelines for actions to be taken, and all that is formed by the action taken, but others continued an argument and say that the strategy has nothing to do with the planning, but is the analysis of prudent understanding and influencing the position of a company on the market. Whittington strategic approach is more sociological than the management approach for the study of business strategy. Given approach Whittington, who has four strategic objectives about different perspective? It identifies four "theories of action" in business strategies as follows: classical approach to planning, evolutionary approach, approach prosecusial and systematic approach.…

    • 2935 Words
    • 12 Pages
    Great Essays
    Read More
  • Improved Essays

    Daft And Mintzberg's Role Of Management
    • 1200 Words
    • 5 Pages

    Daft And Mintzberg's Role Of Management

    The term management can be and is often defined in different ways. (Daft, 2015) defined it as “the attainment of organizational goals in an effective and efficient manner through planning, leading, organizing and controlling the company’s resources”. From (Koontz, 1988)’s perspective, “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals”. However, these two explanations evidently show the way managers think and operate changes within a period of time.…

    • 1200 Words
    • 5 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings