"We Have Rapidly Grown into a Top-Tier Provider of Environmental

question 118

Multiple Choice

"We have rapidly grown into a top-tier provider of environmental services worldwide, and our clients expect us to employ top-tier talent and use top-tier technological innovation," said Lucien Dittlinger, Chief Technology Officer. "Therefore, over the next two years, our company is going to devise strategies for exploiting technological innovation. But, before we do this, we first have to gain a clear understanding of our current technology base, to determine which technologies offer the most competitive value." The first step that Lucien is describing is

• A)a benchmarking study.
• B)a gap analysis.
• C)a SWOT analysis.
• D)a technology audit.
• E)an environmental scanning effort.

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Definitions:

Resource Substitutability

The degree to which different inputs (or resources) can be substituted for one another in the production process.

Economic Resource

Any good or service that can be used to produce other goods and services, including labor, land, capital, and entrepreneurship.

Factory Workers

Individuals employed in industrial production settings, operating machinery or assembling goods.

Retail Store

A business establishment that sells goods or services directly to the public, typically from a fixed location or online platform.