If the Speed of Change of the Environment Increases, a Firm's

question 37

Multiple Choice

If the speed of change of the environment increases, a firm's resources and capabilities will:

• A)Tend to provide a more secure foundation for the firm's strategy
• B)Provide a more secure foundation for its short-term activities
• C)Provide a stronger basis for the firm's technological strategy
• D)Potentially hold it back in evolving with the market.

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Definitions:

Collective Cohesion

The degree to which members of a group or society feel connected and united towards achieving common objectives.

Structural Cohesion

The resilience of a group to withstand stress due to the way its social structure is configured and the strength of the connections among its members.

Collective Cohesion

The bonding together of members in a group, which fosters unity, trust, and a sense of belonging.

Cohesiveness

The degree to which members of a group are attracted to, and motivated to remain part of, that group.