Question Details

True/False 

1. Strategy is the process of positioning the organization in the competitive environment and implementing actions to compete successfully. 


2. Strategy is both (a) a positioning of the firm in its environment to provide it with the capability to succeed and (b) a pattern in the stream of the firm- decisions. 


3. Choosing precisely whom the company will serve will help define an organization- strategy. 


4. The strategy process should involve individuals at all levels of the firm to ensure that there is a recognizable, consistent pattern yielding a superior capability over rivals up and down the firm- hierarchy and across all of its activities. 


5. Organizational learning is the process of knowledge acquisition, information distribution, information interpretation, and organizational retention in adapting successfully to changing circumstances. 




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