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?

  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?