When an Industry Is Subject to Externally Generated Changes,the Firms

question 33

Multiple Choice

When an industry is subject to externally generated changes,the firms which are most likely to establish a competitive advantage are:

• A)Those with the highest market share
• B)Those that that respond most quickly to the change and have the resources and capabilities that are most closely aligned to the emerging success factors
• C)Those with the greatest agility and capacity for innovation
• D)A combination of (a), (b),and (c).

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Definitions:

Potent Determinant

A powerful factor or force that decisively affects the nature or outcome of something.

Specific Factors

Components or elements that are unique to a particular situation, environment, or condition, affecting outcomes in a distinct way.

Learning Organizations

Organizations that actively cultivate, facilitate, and encourage the continuous learning and development of their members to adapt and transform.

Profitable

Generating a financial gain or benefit, typically measured as the difference between revenue and expenses.