A Competitive Advantage That Is Developed Through a Cooperative Strategy

question 50

Multiple Choice

A competitive advantage that is developed through a cooperative strategy is called a collaborative or a(n) ____ advantage.

• A) economic
• B) collusive
• C) alliance
• D) relational

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Definitions:

New Technology

The latest advancements in tech that can potentially alter the operational, financial, or social dynamics of business or society.

Strategic HR Application

Involves aligning human resource management strategies with the business strategy to achieve competitive advantage.

Succession Management

The strategic process of identifying and developing potential future leaders or senior managers, as well as planning for the continuity of key roles within an organization.

Automation Capabilities

The extent to which a process, task, or job can be completed with minimal human intervention, through the use of technology or machines.