The Term "Competency Trap",refers To

question 4

Multiple Choice

The term "competency trap",refers to:

• A)The hubris that affects the senior managers of successful firms.
• B)The tendency for firms with competitive advantage based in one industry to fail when they diversify into a new industry.
• C)The tendency for capabilities based on highly developed organizational routines to be a source of inflexibility.
• D)The tendency for managers to be reluctant to change the strategies that brought them their initial success.

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Definitions:

Perimenopause

The transitional period before menopause, characterized by changes in menstrual cycles, hormone levels, and the onset of menopausal symptoms.

Hormone Production

The biological process by which the endocrine glands produce and release hormones into the bloodstream to regulate body functions.

Menopause

The cessation of menstruation.

Elderly People

Individuals typically aged 65 years and over, often characterized by increased experience, wisdom, and varying degrees of physical and cognitive changes.