Which of the following best describes a strategist’s main challenge?

Question: Which of the following best describes a strategist’s main challenge?

  • Understand answers to the three fundamental questions in order to recognize a firm’s best competitive position
  • Understand opportunities within an industry to improve a firm’s competitive position
  • Understand the capabilities of firms and industries in order to maximize their future profits
  • Understand a firm’s values and how they affect decision-making

Answer: Understand the capabilities of firms and industries in order to maximize their future profits

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