Grant and Jordan's (2015) Four Stages Model to Guide Organizations

question 20

Multiple Choice

Grant and Jordan's (2015) four stages model to guide organizations in their strategy formulation are: stage one is to identify and classify the firm's resources; stage two is to Identify the firm's capabilities; stage three is to appraise the rent-generating potential of resources and capabilities; stage four is to select a strategy which best exploits the firm's resources and capabilities relative to external opportunities.

• A) Stage one is to identify and classify the firm's resources.
• B) Stage two is to identify the firm's capabilities.
• C) Stage three is to select a strategy which best exploits the firm's resources and capabilities relative to external opportunities.
• D) Stage four is to appraise the rent-generating potential of resources and capabilities.

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Definitions:

Notes Payable

Financial obligations represented by written promissory notes requiring the borrower to repay the amount borrowed plus interest.

Accounts Payable

Liabilities or money owed by a business to its creditors or suppliers for goods and services received.

Non-interest Bearing

Refers to debt or a financial instrument that does not accrue interest over time, meaning the borrower only repays the principal amount.

Loan Receipt

The documentation acknowledging the receipt of funds borrowed from a lender.