21⟩ What strategy you used to satisfy the need of business?
Introduce and describe the business itself. Consider including a mission or vision statement with objectives detailing how the business satisfies the need in the market.
Successful Strategy
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“Successful Strategy Interview Questions and Answers will guide you how to Enabling Successful Corporate Strategy in an organization, and corporate strategy there are typically business-level competitive strategies and functional unit strategies. So learn more about Successful Corporate Strategy with the help of this Successful Strategy Interview Questions with Answers guide”
27 Successful Strategy Questions And Answers
22⟩ Technology can drive substitution of products or services by
* A) Creating new and better products or services
* B) Substitution of need by a related product or service
* C) All of answers A, B, and D
* D) Displacing consumer spending into new unrelated products and services
C) All of answers A, B, and D
23⟩ List the reasons why company really need a strategy?
★ Lack of direction will lead to wasted time and money.
★ You will miss the best opportunities by not knowing what to focus on.
★ It'll be easier for existing and start-up competitors with solid strategies to take market share from you.
★ You won't know your online audience clearly enough to market to them effectively.
★ Your resources won't be able to work in concert to produce the best results.
★ Important strategies and tactics will take a back seat to other business priorities.
★ You won't know what to optimize or when to optimize to produce the best.
24⟩ Tell me whom will you be targeting as customer?
Narrowing down your target customer will help enhance and define your marketing strategy.
25⟩ Do you know how big is the market in which you are entering?
Only after understanding the industry you are entering - its size, attractiveness and profit potential - can you truly justify the opportunity.
26⟩ In a rapidly changing environment, the most robust core competences related to technology are likely to be
* A) Excellence in a leading edge technology
* B) Processes for continuous improvement
* C) The ability to combine technologies
* D) First mover advantages
B) Processes for continuous improvement
27⟩ The following are (shareholder) value drivers
* A) Sales revenue, capital investment, stock reductions
* B) Sales revenue, Asset disposal, creditor reductions
* C) Operational costs, capital investment, creditor reductions
* D) Sales revenue, asset disposal, stock reductions
D) Sales revenue, asset disposal, stock reductions
