According to Michael Porter,when it comes to a firm's value chain activities and the essence of strategy a firm should ask itself:
A) Which activities should be done and more importantly what should not be done?
B) Where can costs be minimized to reflect the greatest profitability?
C) What tangible assets can be acquired to increase competitive advantage?
D) What are the best practices of the closest competitor and can they be easily adapted by the firm?

Question

Quizplus · Accepted Answer

Michael Porter emphasizes that the essence of strategy is to choose what activities to engage in and, more importantly, what not to do.

According to Michael Porter,when It Comes to a Firm's Value