In Developing New Directions for Strategy Development Why May It

question 16

Multiple Choice

In developing new directions for strategy development why may it be necessary to develop new capabilities?

• A) New capabilities may be needed to operate in new markets or to develop new products.
• B) The HR manager introduces a new training programme.
• C) Existing capabilities are already best practice in the industry.
• D) The organisation has achieved 'lock- in'.

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Definitions:

Health Insurance

An insurance policy that covers the cost of medical and surgical treatments for the policyholder.

Employment-Based Health Insurance

Health insurance coverage that is provided for employees (and often their dependents) as part of the employee's benefits package.

Large Grocery Store

A substantial retail establishment that sells food and other household goods, often part of a chain or franchise.

Private Health Insurance

A program in which each member of a large pool of individuals pays a fixed amount to a private company that agrees to pay most of the medical expenses of the pool’s members.