Generally,firms Outsource Noncore Activities While Focusing on Core Competencies

question 31

True/False

Generally,firms outsource noncore activities while focusing on core competencies.

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Definitions:

Cognitive

Relating to mental processes such as perception, memory, thought, and problem-solving.

Systems Thinker

An individual who understands how parts of a whole interact with each other within a system, recognizing patterns and interrelationships.

External Environment

Refers to all external forces that can affect an organization’s performance, including economic, technological, social, and legal factors.

Short-Range Benefits

Advantages or positive outcomes that are achieved in a relatively short period following a particular action or decision.