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:

1950s

Refers to the decade spanning from the year 1950 to 1959, often noted for its post-war economic boom, cultural developments, and significant historical events.

Menarche

The first menstrual period.

Peer Groups Shift

The phenomenon where the composition or dynamics of a social group changes over time.

Same-Sex Cliques

Social groups comprised of members of the same sex, common in adolescence, providing contexts for socialization and identity development.