When a Company Is Successful and Focused in One Industry

question 49

True/False

When a company is successful and focused in one industry, they should always try enter into new industries because the company's existing resources and capabilities will always create value and a new set of competitive industry forces can be met with the strategies that the company has used successfully in their original industry.

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Definitions:

Intragroup Conflict

Disagreements or disputes that occur within a single group, team, or organization.

Sources of Conflict

Factors or circumstances that can lead to disagreements or disputes between individuals or groups, including differences in values, needs, desires, or perceptions.

Destructive Image

A perception or portrayal that undermines or negatively impacts an individual, group, or concept.

Misperception and Bias

Distorted interpretations or prejudiced views that affect understanding or decision-making, often leading to unfair judgments or stereotypes.