Value Innovation Is the Key to Creating Blue Oceans

question 1

Multiple Choice

Value innovation is the key to creating blue oceans. Please select all that are true.

• A) Value innovation occurs when organizations shift their focus from beating the competition to making the competition irrelevant by placing equal emphasis on both value and innovation.
• B) An organization needs to be able to appraise its competitive environment and to evaluate trends, which may start within the macro-environment.
• C) To ensure sustainable competitive advantage, an organization needs to upgrade its resources and capabilities based on what it believes will be the basis of future competition.
• D) Value innovation goes against Porter's assertion that an organization can pursue either differentiation or a low-cost strategy.

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Definitions:

Truth Table

A tabular method used in logic to determine the truth values of logical expressions based on their components.

Atomic Sentences

The simplest type of sentence in logic, containing no logical connectives, and expressing a simple, complete thought.

Truth Values

The valuation of a proposition in logic, where it can either be true or false.

Truth Table

A tabular representation that shows the outcome of every possible logical operation for a set of propositions.