Which of the Following Statements Regarding Competitive Parity and Competitive

question 71

Multiple Choice

Which of the following statements regarding competitive parity and competitive advantage is accurate?

• A) Some firms develop valuable, rare, and costly-to-imitate resources and capabilities in being efficient second movers, that is, in rapidly imitating and improving on the product and technological innovations of other firms.
• B) Firms that benchmark their performance against the performance of successful competitors can expect to develop at least a temporary competitive advantage.
• C) Firms must be first movers to gain competitive advantages.
• D) Even if all a firm does is create value in the same way as its competitors, the firm can expect to earn at least a temporary competitive advantage.

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Definitions:

Leadership Labyrinth

refers to the complex and challenging journey that leaders must navigate, often filled with obstacles and barriers, particularly for underrepresented groups.

Style and Effectiveness

Pertains to the manner in which leadership or management is executed and its proficiency in achieving desired outcomes or objectives.

Cross-Pressures

Conflicting influences or demands from different sources, often leading to stress or difficulty in making decisions.

Transformational Leadership

A style of leadership that inspires followers to exceed their own self-interests for the good of the organization, creating significant positive change.