When an Industry Undergoes an Ever-Increasing Level of Environmental Uncertainty

question 27

Multiple Choice

When an industry undergoes an ever-increasing level of environmental uncertainty in which competitive advantage is only temporary, this is called

• A) hypercompetition.
• B) the chaos scenario.
• C) industry consolidation.
• D) industry fragmentation.
• E) global competition.

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Definitions:

Task-Oriented

Focused on completing specific tasks or objectives, often prioritizing work efficiency and achievement of results over personal relationships.

Self-Oriented

Pertains to behaviors or attitudes focused on one's own needs, desires, or interests rather than those of others.

Diagnose

The process of identifying the nature or cause of a certain phenomenon, often applied to finding out the reasons behind a problem or condition.

Informal Groups

Groups that form naturally within an organization based on personal relationships or shared interests, as opposed to being formally structured by the organization.