If Competition in an Industry Has Become Time-Based

question 44

Multiple Choice

If competition in an industry has become time-based:

• A)A good first mover will 'scoop the market', but if they misjudge the game a fast second mover can 'clean up'
• B)Anticipating the market is the only reliable strategy
• C)Innovation is the critical competence
• D)Another fad has been created by consultants and management researchers

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Definitions:

Situational Factors

Factors that influence the leadership process, including size of the organization, social and psychological climate, patterns of employment, and type, place, and purpose of the work performed.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others.

Destructive Leadership

refers to leadership behavior that results in harm or negative outcomes for followers, the organization, or other stakeholders.