Discuss correctness - ocean strategy is not about competitor

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Question:

Discuss the correctness of all below statements by explaining the necessary tools or concepts and giving relevant examples -

1. Strategy is about doing things better and not doing different things

2. Strategy is not standalone but is dependent upon the vision of the company

3. Having an inimitable resource is a sufficient condition to get strategic advantage

4. Blue Ocean Strategy is not about competitors

5. Scenario analysis is a tool used for accounting for uncertainty in strategy.

6. Service business is based on activities. It is difficult to get a strategic advantage in a service business because all that is required by competition is to copy all the activities.

7. Competitive advantage can be gained by increasing the WTP at one end or by having an advantageous Supplier Opportunity Cost at the other end.

8. Value chain helps us in focusing on the reasons for strategic advantage of a competitor.

Reference no: EM133269293

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