Reference no: EM132155948
1. Which of the following statements best explains why luck will always play role in achieving competitive advantage?
Building a competitive advantage is about taking actions to achieve a goal in the future.
Building a competitive advantage depends upon creating new innovations.
Building a competitive advantage usually requires competitors to make a mistake.
Building a competitive advantage requires working through an organization.
2. If a CEO's compensation is almost entirely based on stock options, will it align the CEO's interests with those of the shareholders?
Yes, because of both only get paid with increases in shareholder value.
No, because of the different absolute size of incentives.
No, because of different time frames.
3. Which of the following is the most important decision for firms when trying to maintain a competitive advantage?
Selecting price of products.
Selecting competitors to match.
Selecting employees to hire.
Selecting opportunities not to pursue.