Terms of both group dynamics and individual leadership

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Reference no: EM132084133

1. Although, tactical decisions change every year, they do not represent changes in strategy.

True

False

2. When evaluating the competitive dynamics in the simulation, the first place you see is the branded markets where differentiation strategies are pursued.

True

False

3. If the industry had several firms that simultaneously drove costs low, but none of the firms gained a clear edge, then the market may have developed into what Michael Porter called "profitless prosperity."

True

False

4. Apart from the learning about the industry and your competitors, another kind of learning involves the progress of your group in terms of both group dynamics and individual leadership.

True

False

5. Given what you know now about competition in the market and about how to work in multifunctional teams, knowledge of which of the two would have been more valuable to have at the start of the simulation?

knowledge of the market

great team dynamics

strong leadership and group decision-making skills

Reference no: EM132084133

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