Which of the Following Statements Would Be Supported by Michael

question 4

Multiple Choice

Which of the following statements would be supported by Michael Porter?

• A) Economic prosperity depends primarily on inherited national advantages.
• B) The presence of strong competitors in a nation hinders national competitive advantage.
• C) The presence of highly demanding customers discourages innovation.
• D) Rivalry among industry competitors spurs innovation.

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Definitions:

Demand Requirements

The specific needs or conditions that must be met for a particular goal, service, or product to be successful in the marketplace.

In-House Skills

Competencies and expertise that exist within an organization's current workforce.

Skills Inventories

Comprehensive databases that detail the qualifications, expertise, and skills of employees within an organization, used for planning and assignment purposes.

Job Evaluation

A systematic process used to determine the relative worth of jobs within an organization by analyzing their duties, responsibilities, and requirements.