A Financial Management Firm Has Existed for More Than 70

question 29

Multiple Choice

A financial management firm has existed for more than 70 years. Some of its original clients' grandchildren are now clients of the firm themselves. The partners and staff of the firm have spent most or all of their careers with the firm. Many have even married into each other's families. This firm has capabilities that would be costly to imitate because of its

• A) access to large amounts of financial capital.
• B) causally ambiguous core competencies.
• C) social complexity.
• D) unique historical conditions.

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Definitions:

Emotional Bonds

The deep connections formed between individuals, often characterized by feelings of affection, loyalty, and love.

Secondary Group

A large, impersonal social group whose relationships are formal and goal oriented; their interactions are usually temporary.

Activities

Actions or tasks that are carried out by individuals or groups, typically requiring effort and aimed at achieving a certain goal.

Divide and Conquer

A strategy of gaining and maintaining power by breaking up larger concentrations of power into pieces that individually have less power than the one implementing the strategy.