Question

True or False

1. Like mission and vision statement, we can access to organizations’ strategy definitions from their websites.

2. Strategy can be about doing similar things, but doing them differently

3. Strategic Fit will always ensure competitive advantage for organizations

4. The sources of industry level differences in profitability can be explained by having something unique and valuable(added value) & Finding an integrated set of choices that distinguish you from the rivals

5. Strategy can inform us how to go beyond Operational Effectiveness

6. When organizations require control over flexibility, doing the activities outside the firm makes more sense

7. Organizations can change the industry structure

8. Organizations have no influence on the external macro factors such as political and sociocultural environment

Answer 1

1 - FALSE :- because the mission statement are the set of goals a company or an organization wants to achieve and vision statement is the future goals set by them but one can't access the strategies by the statements as they can be different , can be done by different person because strategies plays a most important role in doing anything. Strategies can be said as plans which differ from person to person and their respective brain.

2 - TRUE : Strategy can be about doing similar things ,but doing them differently . As I said before plans ,of doing something , differ from person to person as they have their own approach for doing it. For example : Two person 'A' and 'B' are doing similar businesses at two different places but one is successful in doing it and the other is not as much successful as the other here the difference is all about their plans , strategies and approach.

3 - FALSE : It is false that Strategic fit will ensure competitive advantage for organisations because it expresses the degree to which an organization is matching it's resources and capabilities with external opportunities so it doesn't ensure instead it's critical in many activities.T

4 - TRUE : The sources of industry level differences in profitability can be explained by having something unique and valuable(added value) & Finding an integrated set of choices that distinguish you from the rivals . That becomes a different feature though for a company.