Business, 10.03.2020 22:40 brrodriguez8oz5wvf

One of the lessons about competing in a globally competitive marketplace that comes from "playing" The Business Strategy Game is that

a. competition among rival companies is so hard to analyze that the only dependable strategy for achieving good company performance is to copy as closely as possible every aspect of the strategy being used by the top-performing company in the industry.
b. after the first few decision rounds (years), it is highly risky and ill-advised for any company in the industry to overhaul its strategy and chart a different strategic course.
c. after 3 or 4 decision rounds (years), it becomes relatively easy to diagnose what strategy a rival company is pursuing and to anticipate what moves that rival is likely to make next.
d. the dynamic, ever-evolving nature of competition makes it advisable for managers to make strategy adjustments of one kind or another on an ongoing basis to improve the company's competitiveness vis-a-vis rivals and boost its overall performance.
e. the company that jumps out to be the industry leader early on is very likely going to be the industry leader at the end of the simulation exercise-it is extremely difficult for trailing companies to ever catch up to the early industry leader unless they build at least 15 to 20 million pairs of plant capacity and charge very low prices for both branded and private-label footwear.

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The lesson that could be gotten from competing in a globally competitive marketplace which comes as a result of "playing" Business Strategy Game is ;

D :the dynamic, ever-evolving nature of competition makes it advisable for managers to make strategy adjustments of one kind or another on an ongoing basis to improve the company's competitiveness vis-a-vis rivals and boost its overall performance.

Business Strategy Game helps in making adjustments in ones strategy and this also helps in making decisions to achieve ones goal.This helps the manager of the company to make healthy competition that boost its overall performance of the company.

Therefore, option D is correct.

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Answer from: keyonnaallen2004

the dynamic, changing nature of competition makes it advisable for managers to make strategy adjustments of one kind or another on an ongoing basis to improve company's competitiveness vis-a-vis rivals and boost its overall performance (D).

Explanation:

The Business Strategy Game is an important part of strategic management. It encourages encourages individuals to combine several decisions into a unified strategy which is vital for important decision making.

The Business Strategy Game consist of a global marketplace because businesses need to learn about the competitive and strategic features of foreign competition and international markets. The Business Strategy Game helps mangers make strategic adjustments thereby boosting overall competitiveness and performance.

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16 quarters $8 \times 2 = 16$

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