Leveraging Competencies Involves Taking a Distinctive Competency Developed by a Business

question 16

Multiple Choice

Leveraging competencies involves taking a distinctive competency developed by a business unit in one industry to create:

• A) a new business unit in the same industry.
• B) a new business unit in a different industry.
• C) lower costs in various business units.
• D) differentiation in various business units.
• E) new customers in the same industry.

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Definitions:

Formal Procedure

A set of established forms or methods for conducting the affairs of an organization or achieving a specific objective.

Empowerment

The process of giving individuals or groups the authority, resources, and confidence to take control of their own actions and decisions, typically aiming to increase their effectiveness and autonomy.

Governing Council

An administrative body responsible for making decisions and overseeing the policies and direction of an organization, institution, or government entity.

More Empowerment

An approach or strategy that aims to give individuals or groups greater authority and control over decisions and actions affecting their work or lives.