Knowledge Must Be Transferred to Others in the Firm to Enhance

question 52

Multiple Choice

Knowledge must be transferred to others in the firm to enhance the entrepreneurial competence of the firm. This requires that

• A)the receiving party have adequate absorptive capacity to learn.
• B)the communication process be highly intensive.
• C)the knowledge be broken into the smallest comprehensible units.
• D)training consultants be involved in every step of transference.

Understand the principles and application of a Blue Ocean Strategy.

Comprehend the key generic business strategies and their implications.

Recognize the importance and methods of achieving both product differentiation and cost leadership.

Realize the significance of basing marketing plans on facts and valid assumptions.

---

Definitions:

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual to a particular group or nominal category.

Type Of Car

Refers to classifications of cars based on characteristics such as make, model, body style, engine size, and usage purposes.

Nominal Level

The simplest level of measurement for variables, where data can be categorized but not ranked or ordered meaningfully.

Church Attendance

The frequency with which individuals or a demographic group attends church services.