Which of the following is an option for formulating strategy via core competencies?Multiple choice question.pursue a strategic alliance to become less vertically integratedcombine core competencies with rivals in new marketsleverage existing core competencies to improve current market positionbuild new core competencies to entice shareholders to invest in the company
Question
Which of the following is an option for formulating strategy via core competencies?Multiple choice question.pursue a strategic alliance to become less vertically integratedcombine core competencies with rivals in new marketsleverage existing core competencies to improve current market positionbuild new core competencies to entice shareholders to invest in the company
Solution
All of the options mentioned can be strategies for formulating strategy via core competencies.
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Pursue a strategic alliance to become less vertically integrated: This strategy involves partnering with other companies to share resources and capabilities, thereby reducing the need for vertical integration.
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Combine core competencies with rivals in new markets: This strategy involves merging or partnering with competitors to leverage each other's strengths and enter new markets.
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Leverage existing core competencies to improve current market position: This strategy involves using what the company does best to gain a competitive advantage in the market.
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Build new core competencies to entice shareholders to invest in the company: This strategy involves developing new strengths that will make the company more attractive to investors.
So, the answer is all of the above.
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