BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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offers a surefire guarantee for avoiding periods of weak financial performance.
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are the two best signs that a company is a true industry leader.
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are more important management functions than forming a strategic vision and setting objectives.
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are the most telling signs of good management.
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Detailed explanation-1: -good strategy coupled with good strategy execution are the most telling signs of good management and greatly raises the chances that a company will be a standout performer in the marketplace.
Detailed explanation-2: -The two best signs of good strategy execution are: Whether the company has attained real proficiency in performing strategy-critical value chain activities and is meeting or beating its performance targets.
Detailed explanation-3: -To be a good strategy, it must precisely diagnose the problem being solved; set a guiding policy that will address that problem; and propose a set of coherent actions which will deliver that policy.
Detailed explanation-4: -These five elements of strategy include Arenas, Differentiators, Vehicles, Staging, and Economic Logic. This model was developed by strategy researchers, Donald Hambrick and James Fredrickson.