An important consideration in the selection of a strategy is the ability of each alternative to satisfy agreed-upon objectives with the least resources and the fewest negatives.The competitive advantages developed earlier using ________ is an excellent place to start.
A) factors to ensure profitable return on investment
B) the VRIO framework
C) the analysis of the competitive environment
D) industry research
E) the analysis of governmental regulations and requirements

Question

Quizplus · Accepted Answer

The VRIO framework helps to identify competitive advantages that a company may have. By starting with these advantages, a company can build upon them in selecting a strategy that will allow them to achieve objectives with the least resources and negatives. Therefore, the best choice in this scenario is B, the VRIO framework. Choices A, C, D, and E may provide valuable information for strategy selection, but they do not specifically address the competitive advantages of the company.

An Important Consideration in the Selection of a Strategy Is