To build a competitive advantage by out-managing rivals in performing value chain activities,a company must
A) position itself in the industry's more favorably situated strategic group.
B) develop resources strengths that will enable it to pursue the industry's most attractive opportunities.
C) develop core competencies and maybe a distinctive competence that rivals don't have or can't quite match and that are instrumental in helping it deliver attractive value to customers or else be more cost efficient in how it performs value chain activities such that it has a low-cost advantage.
D) outsource all of its value chain activities to world-class vendors and suppliers.
E) eliminate its resource weaknesses.

Question

Quizplus · Accepted Answer

To build a competitive advantage by out-managing rivals in performing value chain activities, a company must develop core competencies and a distinctive competence that rivals don't have or can't quite match. This helps the company deliver attractive value to customers or be more cost-efficient in how it performs value chain activities, leading to a low-cost advantage or differentiation advantage. Positioning itself in the industry's more favorably situated strategic group or developing resource strengths may help the company achieve a competitive advantage but may not necessarily be enough for out-managing rivals in performing value chain activities. Outsourcing all value chain activities or eliminating resource weaknesses may not necessarily lead to a competitive advantage.

To Build a Competitive Advantage by Out-Managing Rivals in Performing