A Company That Lacks a Stand-Alone Resource That Is Competitively

question 102

Multiple Choice

A company that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through

• A)improved employee training programs, new marketing promotions, or technological enhancements to production processes.
• B)the development of a new business strategy that draws upon existing resource strengths.
• C)extensive strategic planning and resource identification sessions involving managers at all levels of the organization.
• D)bundled resources that enable superior performance of cross-functional capabilities that can be leveraged to support its business model and strategy.
• E)devising clever approaches to turning resource weaknesses into resource strengths.

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Definitions:

Low Sense of Achievement

The feeling of not having accomplished significant goals, tasks, or objectives, often leading to dissatisfaction or lack of motivation.

Learning Orientation

An inclination or approach focusing on acquiring new skills, knowledge, and competencies, with an emphasis on learning from experience.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and underestimate situational factors when explaining others' behavior.

Empathy

The ability to understand and share the feelings of another person from their perspective.