1. 2. 3. As compared to a company\'s financial performance, a company\'s strateg
ID: 345570 • Letter: 1
Question
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As compared to a company's financial performance, a company's strategic performance O is of equal or greater importance because a company that pursues and achieves strategic outcomes that boost its competitiveness versus rivals and its strength in the marketplace is in better competitive position to improve its financial performance. O is generally of secondary importance because strong financial performance is the key to pleasing customers and winning a sustainable competitive advantage over rival enterprises. o is a less reliable measure of whether a company is fundamentally healthy or not. O is a more accurate indicator of whether the company has a winning strategy and whether management is succeeding in building greater wealth for shareholders. o is a less accurate indicator of the company's true progress in achieving its strategic intert and strategic vision.Explanation / Answer
1. is of equal or greater importance because a company that pursues and achieves strategic outcomes that boost its competitiveness versus rivals and its strength in the marketplace is in better competitive position to improve its financial performance.
2. To sustain any advantage that may initially accrue to a pioneer, a first-mover must be a recognized market leader, have a strong brand name, and employ either a best-cost provider or a low-cost provider strategy.
3. they must be continually polished, updated, and sometimes augmented with altogether new kinds of resources and expertise.
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