For a firm that operates in an industry where competition is high, which of the following practices will result in inferior performance?
A) Choosing a distinct but different strategic position in the industry
B) Working toward increasing the difference between value creation and cost
C) Trying to be everything to everybody by combining different competitive strategies
D) Focusing on creating value for customers rather than destroying rivals

Question

Quizplus · Accepted Answer

Because resources are limited, managers must carefully consider their strategic choices in the quest for competitive advantage. Trying to be everything to everybody will likely result in inferior performance. Although the idea of combining different business strategies seems appealing, it is actually quite difficult to execute.

For a Firm That Operates in an Industry Where Competition