Even If It Lacks the Competencies Required to Compete in a New

question 18

Multiple Choice

Even if it lacks the competencies required to compete in a new business, a company may pursue an internal venturing strategy if the industry it is entering is a(n) ________________ industry.

• A) mature
• B) declining
• C) stagnant
• D) growing
• E) emerging

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Definitions:

Lewin Change Model

A management theory developed by Kurt Lewin, proposing that organizational change involves unfreezing existing behaviors, changing, and refreezing them to new patterns.

OD

Typically refers to Organizational Development, a field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.

Tool For Empowerment

A resource, technique, or strategy used to increase an individual's or group's power and control over their own circumstances.

Current Criticism

Present-day evaluation or analysis of a work, idea, or system, often focusing on its faults and merits.