Question

checking a diversified company's business portfolio for the competitive advantage potential of cross-business strategic fits does not involve ascertaining the extent to which sister business units

Answer 1

The extent tot which sisters business units have value chain match-ups that offers opportunities to employ the same basic competitive approach and pursue the same type of competitive advantage.

Businesses are said to be related if their value chains have competitively advantageous cross-business strategic relationships, whereas they are said to be unrelated if their value chains are too dissimilar to have any such connections.

Competitive strategy is a long-term action plan used by businesses to gain an edge over their competitors. This plan aims to generate an above-average position and a superior Return on Investment. When businesses face a competitive market and have a variety of similar products available to consumers, this strategy is crucial.

Since it requires making a long-term commitment to providing goods and services at lower prices than competitors, the cost leadership strategy is challenging for small businesses to implement.

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