Given the Accelerated Pace of Technological Change, in Combination with Deregulation

question 6

Multiple Choice

Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a firm will be successful today only if its

• A) competitive advantage is derived from static resource or market advantages.
• B) resource advantage is not causally ambiguous or socially complex.
• C) resource advantage is maintained for a short period of time.
• D) internal strengths change with its external environment in a dynamic fashion.

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Definitions:

Management

The process of dealing with or controlling things or people, often within a business or organization.

Scientific Management

A management theory that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Frederick Taylor

A mechanical engineer who is considered the father of scientific management, focusing on improving economic efficiency and labor productivity through systematic study.

Organizational Behaviour

The study of both group and individual performance and activity within an organization, and how these behaviours can be improved through leadership and control.