For the Purposes of Strategy Formulation,a Firm Needs to Consider

question 37

True/False

For the purposes of strategy formulation,a firm needs to consider only those resources and capabilities that are strategically unimportant.Any strengths in what appear to be strategically unimportant resources and capabilities ("superfluous strengths")are best ignored.

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Definitions:

Collective Body

A group of individuals or entities united with a common purpose or function, often working together towards shared goals.

Culture

A society's shared and socially transmitted ideas, values, and perceptions that are used to make sense of experience and generate behavior and are reflected in that behavior.

Reality

The state or quality of being actual, true, or genuine, as opposed to what is imagined, false, or fictitious.

Sacred

Regarded with great respect and reverence by a particular religion, culture, or group of people.