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