identifies a firm’s major competitors and their particular strengths and weaknesses in relation to a sample firm’s strategic position.

Related MCQs

• Which of the following is NOT a major element of the strategic management process?
• Competitors are more likely to respond to competitive actions that are taken by
• It directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs.
• ---------- analysis begins with identifying present as well as potential competitors.
• Characteristics of a business which makes it disadvantageous relative to competitors.
• Acquisition of competitors for integrative growth is
• ------------ strategy occupies the highest level of strategic decision making and covers actions dealing with the objective of the firm, acquisition and allocation of resources and coordination of strategies of various SBUs for optimal performance.
• Strategic management involves the , directing, and controlling of a company’s strategy-related decisions and actions.
• The overall strategy which is comprehensive in nature and provides the basis for strategic direction is known as----
• SBU (strategic business unit) is a unit that is usually responsible for its own budgeting, new product decisions, hiring decisions, and price setting.