30.03.2023 - 19:17

The goal of strategic management is to A) achieve competitive advantage. B) maintain competitive advantage. C) achieve and maintain competitive advantage. D) eliminate competitive advantage. E) eliminate and abolish competitive advantage.

Question:

The goal of strategic management is to

A) achieve competitive advantage.

B) maintain competitive advantage.

C) achieve and maintain competitive advantage.

D) eliminate competitive advantage.

E) eliminate and abolish competitive advantage.

Answers (1)
  • Hattie
    April 5, 2023 в 15:19
    The correct answer is C) achieve and maintain competitive advantage. Strategic management is the process of analyzing an organization's resources and capabilities, its external environment, and making strategic decisions and actions that can help the organization achieve its objectives. The goal of strategic management is to achieve and maintain a competitive advantage over its rivals in the industry. This means that the organization can deliver better value to its customers, earn higher profits, and have a sustainable business model. The competitive advantage can be achieved through various strategies like differentiation, cost leadership, innovation, and focus. Therefore, the main objective of strategic management is to achieve and sustain a competitive advantage over the long run.
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