Imagine You Have Been Asked to Present a Strategy Implementation

question 25

Multiple Choice

Imagine you have been asked to present a strategy implementation plan to the top management of Didrickson, a Swedish multidomestic manufacturer and marketer of outdoor activewear. Your presentation would NOT likely include which implementation option as a means of building and strengthening its competitively valuable resources and capabilities?

• A)Didrickson needs to engage in experience-building activities such as collaborative efforts in R&D engineering and design
• B)Didrickson needs to shift from decentralized to centralized decision-making so as to give senior executives more authority and control in driving cultural change
• C)Didrickson needs to acquire capabilities through mergers and acquisitions
• D)Didrickson needs to enter into collaborative partnerships with suppliers, competitors, or other companies that possess needed expertise.
• E)Didrickson needs to select and assemble a team of people with the requisite skills and experience, upgrading or expanding individual abilities as needed, and then molding the efforts of individuals into a collaborative effort to create an organizational ability.

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Definitions:

Allocative Efficiency

A scenario in resource distribution where making one individual's condition better inevitably leads to worsening another's.

Economic Profit

The difference between a firm's total revenues and its total economic costs, including both explicit and implicit costs.

Diagram (A)

A graphical representation or chart designed to illustrate or explain concepts, processes, or data.

Allocative Inefficiency

A situation in which resources are not distributed optimally among producers or consumers, leading to a loss in economic efficiency.