1. A winning strategy is one that
passes the profitability test, the ethics and social responsibility test, the customer satisfaction test, and the shareholder wealth test.
is highly profitable and boosts the company's market share.
makes the company a market leader, is ethically and socially responsible, and maximizes profits.
fits the company's internal and external situation, builds sustainable competitive advantage, and boosts company performance.
passes the ethical standards test, the competitive advantage test, and the profitability test.
2. Every corporation should have a strong, independent board of directors that
is well informed about the company’s performance.
certifies to shareholders that the CEO is doing what the board expects.
guides and judges the CEO and other top executives.
is intensely involved in debating the pros and cons of key decisions and actions.
All of these choices are correct.