What Are the Strategies to Avoid Proposed by the Authors

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The Answer is The strategies to avoid are as follows:
1.Follow the leader.Imitating a leading competitor's strategy might seem to be a good idea,but it ignores a firm's particular strengths and weaknesses and the possibility that the leader may be wrong.
2.Hit another home run.If a company is successful because it pioneered an extremely successful product,it tends to search for another super product that will ensure growth and prosperity.
3.Arms race.Entering into a spirited battle with another firm for increased market share might increase sales revenue,but that increase will probably be more than offset by increases in advertising,promotion,R&D,and manufacturing costs.
4.Do everything.When faced with several interesting opportunities,management might tend to leap at all of them.At first,a corporation might have enough resources to develop each idea into a project,but money,time,and energy are soon exhausted as the many projects demand large infusions of resources.
5.Losing hand.A corporation might have invested so much in a particular strategy that top management is unwilling to accept its failure.Believing that it has too much invested to quit,the corporation continues to throw "good money after bad."

What Are the Strategies to Avoid Proposed by the Authors

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What Are the Strategies to Avoid Proposed by the Authors

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