The Perceived Importance of Resources and Capabilities to Firms' Strategies

question 79

Multiple Choice

The perceived importance of resources and capabilities to firms' strategies became prominent because:

• A)Top managers have understood the importance of competitive advantages from major academic papers published at the time.
• B)The general environment has become more unstable and the structure of industries has evolved towards simultaneously more cooperation and more competition
• C)The planning school of strategy has been heavily criticized and planning departments in large firms have almost disappeared
• D)It became increasingly apparent that competitive advantage was more important to profit generation than mere characteristics of the industry as a whole.

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Definitions:

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification and diagnostic tool used in psychiatry.

Motor Tic

Sudden, involuntary motor movements often experienced as part of tic disorders.

Vocal Tic

Involuntary sounds or noises such as throat clearing, grunting, or sniffing, often associated with Tourette syndrome.

Specific Learning Disorder

Disrupted or delayed development in a specific domain of cognition, such as reading.