The I/O Approach to Competitive Advantage Advocates That Internal Factors

question 93

True/False

The I/O approach to competitive advantage advocates that internal factors are more important than external factors in a firm achieving competitive advantage.

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Definitions:

Resisting Change

The reluctance or refusal to adapt to new procedures, processes, or changes within an organization or environment.

Management By Objectives (MBO)

An organization-wide intervention technique that involves joint goal setting between employees and managers.

Valuable Intervention

A strategic action or initiative taken to improve a situation or process, deemed to have significant worth or importance.

Organization Development (OD)

A systematic approach to organizational improvement that applies behavioral science theory and research in order to increase individual and organizational well-being and effectiveness.