Changing the Industry Structure Is

question 7

Multiple Choice

Changing the industry structure is:

• A)Not really within the power of a single firm.
• B)An endeavor that firms are undertaking on a permanent basis with great success
• C)A risky strategic move that may backfire, because of retaliation from the industry's incumbents
• D)Sometimes possible even by small firms, if the mix of drivers for change and existing structure make it susceptible to change

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Definitions:

Directive Style

A leadership or counseling approach characterized by providing specific instructions, guidance, or commands.

Calling

A deep sense of purpose or vocation that drives an individual’s life choices and career.

Person-Environment Fit

A concept in psychology that examines how well individuals match with their surrounding environment in terms of their abilities, needs, and values.

Conscientious

Being conscientious means showing diligence, carefulness, and a willingness to do one's work thoroughly and well.