Philip Selznick Developed and Defined the Concept of Distinctive Competence

question 44

Multiple Choice

Philip Selznick developed and defined the concept of distinctive competence as:

• A) A systematic set of questions to determine how strategic advantages are achieved
• B) A set of activities that an organization performs especially well
• C) A set of operational questions managers can use to optimize performance
• D) An exceptional evaluation process for upper management to access lower managements competencies
• E) None of these

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Definitions:

Producing Units

Producing units are individual entities, such as factories or plants, within an organization that are responsible for producing goods or services.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.

Marginal Revenue (MR)

The incremental earnings obtained from the sale of an additional good or service unit.

Marginal Cost (MC)

The increase or decrease in the total cost that arises when the quantity produced changes by one unit.