One Capability That Can Be Learned from Failure Is When

question 128

Multiple Choice

One capability that can be learned from failure is when to: As live streaming and downloading of digital content increased, a manufacturer of CD and DVD players experienced a downturn.The managers felt that the firm's capability in producing these players was a core competence.They increased their investment to improve the playback quality, add more playback features, and change the design of the players to make them more appealing to the eye.Even with these investments, the firm had to lower prices, and was still unable to maintain sales volume.Clearly, mistakes were made in managing the firm's resources.What should the firm have learned from this failure?

• A) When to change marketing strategy
• B) When to add more resources
• C) When to outsource
• D) When to quit

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Definitions:

Misleading Information

Incorrect or misleading facts presented to an individual, which may affect their perceptions, decisions, or memories.

Event

An event is an occurrence or happening, often significant or memorable, that can be isolated in time and space or be part of a series.

Source Amnesia

A memory disorder where the individual can recall specific information but is unable to remember where, when, or how they learned that information.

Group Therapy Sessions

Psychotherapeutic treatments conducted in a group setting, led by one or more therapists, where individuals can share experiences, give and receive feedback, and support each other.