Competitive strategy determines an organization's value chain.

Question

Quizplus · Accepted Answer

Competitive strategy involves selecting a unique position in the market that can be sustained by performing a set of activities differently than rivals. Value chain is the set of activities that an organization performs to create and deliver a product or service to the market. Therefore, competitive strategy determines how an organization configures its value chain to support its unique position in the market.

Competitive Strategy Determines an Organization's Value Chain