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Strategy

Lecture 1-2: Strategy Equation & External Analysis

Comprehensive exam-preparation quiz covering the foundations of strategy, strategic choices, dependence, market vs non-market actors, case method caveats, PESTEL, Porter’s Five Forces, concentration, elasticity, and buyer/supplier power.

Question 4 of 50

According to the lecture, what does Rumelt (1991) show about luck?

Pick one: press 1-4 on your keyboard or click an option.
A

Luck explains 37–45% of variance in performance.

B

Luck is the only driver of sustainable superior performance.

C

Luck explains almost none of the variance in performance.

D

Luck matters only in non-market strategy.