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strategy

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1. Evaluate the accuracy of the following statement: Formal strategic planning systems are irrelevant for firms competing in high-technology industries where the pace of change is so rapid that plans are routinely made obsolete by unforeseen events.

   QUESTION 2

 

1. Is it possible for a company to be the lowest cost producer in its industry and simultaneously have an output that is most valued by customers?

   QUESTION 3

 

1. What do you think are the sources of sustained superior profitability?

   QUESTION 4

 

1. Which is more important in explaining the success and failure of companies: strategizing or luck?

   QUESTION 5

 

1. Under what environmental conditions are price wars most likely to occur in an industry? What are the implications of price wars for a company? How should a company try to deal with the threat of a price war?

   QUESTION 6

 

1. What are the strengths of formal strategic planning? What are its weaknesses?

   QUESTION 7

 

1. From what perspective might innovation be called the single most important building block of competitive advantage?

   QUESTION 8

 

1. When is a company's competitive advantage most likely to endure over time?

   QUESTION 9

 

1. Why is it important to understand the drivers of profitability, as measured by the return on invested capital?

   QUESTION 10

 

1. What role can top management play in helping a company achieve superior efficiency, quality, innovation, and responsiveness to customers?

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