The Main Lesson from the Chapter Opening Case About Cisco

question 64

Multiple Choice

The main lesson from the chapter Opening Case about Cisco is that

• A) Cisco made a mistake in rushing into changes in its structure.
• B) structures rarely evolve in response to strategic change.
• C) firms need to change their structures to accommodate strategic changes.
• D) forms need to change their strategies in response to structural changes.

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Definitions:

Concentration Ratio

A measure of the market share held by the largest firms within an industry.

Industry

The segment of the economy concerned with production, as opposed to services, characterized by the manufacture of goods.

Firm(s)

Business organizations or entities engaged in commercial, industrial, or professional activities.

Concentration Ratio

A measure of the market share, often expressed in percentage, controlled by the top firms in an industry, used to assess competitive dynamics and market concentration.