The Concept That Suggest It Makes No Sense to Reinvent

question 46

Multiple Choice

The concept that suggest it makes no sense to reinvent something that someone else is already using is

• A) benchmarking.
• B) ERP.
• C) RFID.
• D) TQM.
• E) MBO.

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Definitions:

Core Competency

A special strength that gives an organization a competitive advantage.

Emotional Intelligence

The capacity to comprehend, utilize, and control one's emotions positively to reduce stress, communicate efficiently, empathize with others, surmount obstacles, and resolve conflicts.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales.

Skilled Workforce

An employment group that has specialized training, knowledge, and abilities in particular fields.