Firms That Continually Change Their Strategic Context and Strategies Because

question 96

True/False

Firms that continually change their strategic context and strategies because of the continuous changes in the current competitive landscape are in danger of losing sight of their main competitive strengths.

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Definitions:

Efficiently Utilized

Resources or inputs that are used in a way that maximizes the output or outcomes without wasting any potential utility.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with a fixed amount of resources.

Inefficient

Refers to a situation or process that does not maximize the use of resources or achieve the desired outcome effectively.

Attainable

Something that can be achieved, reached, or accomplished with effort and resources available.