Which Course of Action Is Most Appropriate for Top Managers

question 61

Multiple Choice

Which course of action is most appropriate for top managers when their firm has achieved a sustainable competitive advantage?

• A)adjusting or changing strategic reference points  
• B)taking advantage of opportunities  
• C)developing a "red ocean" strategy  
• D)developing a retrenchment strategy

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Definitions:

Trends in Job Analysis

Evolving methods and approaches in determining the duties, responsibilities, and skills required for a job, reflecting changes in technology and work processes.

Outdated Descriptions

References or explanations that are no longer accurate due to changes in knowledge, technology, or cultural perceptions.

Job Descriptions

Detailed explanations of the roles, responsibilities, necessary skills, and requirements of a specific job, used to inform potential applicants and guide employees in their roles.

Job Evaluation

An administrative procedure for measuring the relative internal worth of the organization's jobs.