Capabilities-Based Organisations Measure Their Success on Functional Efficiency, Rather Than

question 18

True/False

Capabilities-based organisations measure their success on functional efficiency, rather than on process goals, thus improving productivity and profitability as well as customer and employee satisfaction.

---

Definitions:

Dominant Strategy

In game theory, a strategy that is the best choice for a player, regardless of what the other players choose.

Reaction Function

In game theory, a strategy that outlines how one player will react to the choices of other players, aiming to maximize their own payoff.

Cournot Equilibrium

A situation in an oligopoly market where each firm chooses its optimal output level assuming the output levels of its competitors are fixed.

Cournot Duopoly

A Cournot Duopoly is a market structure where two firms compete on the amount of output they will produce, each assuming the other's output as given when deciding its own output level.