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:

Emotional Events

Occurrences that trigger strong emotional responses, potentially leading to significant psychological effects and behaviors.

Psychoticism

A personality trait or condition marked by a tendency towards aggression, impulsivity, and a detached relationship with reality.

Supertrait

A supertrait refers to a fundamental personality attribute that encompasses a broad range of individual traits or behaviors, influencing overall character.

Eysenck's Model

A theory of personality proposed by Hans Eysenck, focusing on three dimensions: extraversion/introversion, neuroticism/stability, and psychoticism.