Instead of Trying to Outmaneuver Its Competition, a Firm Using

question 58

True/False

Instead of trying to outmaneuver its competition, a firm using a blue ocean strategy tries to make the competition irrelevant.

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Definitions:

Power Culture

A type of organizational culture characterized by centralization of power in a few individuals and minimal procedural constraints on these individuals' decision-making capabilities.

Core Culture

The fundamental values, beliefs, and behaviors that are central and unique to an organization, shaping its identity and practices.

Policies And Procedures

Established guidelines and systematic steps created by an organization to govern actions and decision-making, ensuring consistency and compliance with standards.

Rituals

Established patterns of behavior or ceremonies that are performed by an organization or its members, often symbolic in nature.