When it is difficult or impossible to out-strategize rivals (beat them with a superior strategy), the other main avenue to competitive advantage is to
A)do a better job of empowering employees and flattening the organization structure.
B)outcompete rivals with a stronger corporate culture.
C)out-execute them (beat them by performing certain value chain activities in superior fashion).
D)beat them with a healthy corporate culture based on such core values as high ethical standards, a strong sense of corporate social responsibility, and genuine concern for customer well-being.
E)institute a more motivating and cost-efficient compensation and reward system.

Question

Quizplus · Accepted Answer

When it is difficult or impossible to out-strategize rivals, the other main avenue to competitive advantage is to out-execute them. This means performing certain value chain activities in a superior fashion, such as efficient production, effective marketing, and excellent customer service. This requires a continuous improvement mindset and a focus on operational excellence. A strong corporate culture and employee empowerment may support execution, but without superior execution, a company may still lose to its competitors. Compensation and reward systems are also important, but they are only one aspect of execution. Therefore, option C is the best choice.

When It Is Difficult or Impossible to Out-Strategize Rivals (Beat