Correctly diagnosing an industry's key success factors:
A) points to those things that every firm in the industry needs to attend to in order to develop product propositions.
B) hints at the firm's ability to generate above-average profitability.
C) reveals the firms capabilities and resources are aligned with operating practices of industry participants.
D) raises a company's chances of crafting a sound strategy.
E) raises a company's sustainability dimensions and market characteristics in line with industry dynamics.

Question

Quizplus · Accepted Answer

Correctly diagnosing an industry's key success factors helps a company understand what is critical for success in that industry, thereby increasing the likelihood of crafting a strategy that effectively addresses these factors and leads to competitive advantage.

Correctly Diagnosing an Industry's Key Success Factors