The proper matching of what a firm can do with what it might do allows the:
A) development of a top management team.
B) development of a successful low-cost strategy.
C) development of strategic intent,strategic mission,and the formulation of strategies.
D) formation of a strategic group.

Question

Quizplus · Accepted Answer

The matching of what a firm can do with what it might do allows for the development of strategic intent, strategic mission, and the formulation of strategies. This is because it helps a firm identify its strengths, weaknesses, opportunities, and threats, and align its resources and capabilities with its goals and objectives. Option A is incorrect because the development of a top management team is not necessarily dependent on this matching exercise. Option B is incorrect because a low-cost strategy is only one possible outcome of strategic planning and may not be the best fit for every firm. Option D is incorrect because the formation of a strategic group is a separate concept that pertains to the grouping of firms with similar strategic characteristics.

The Proper Matching of What a Firm Can Do with What