Which of the Following Statements Is NOT Accurate with Respect

question 40

Multiple Choice

Which of the following statements is NOT accurate with respect to building a company's competencies and capabilities?

• A)Building new competencies and capabilities is a multistage process that occurs over a period of months and years.
• B)Core competencies have to be tweaked and adjusted to keep them fresh and responsive to changing customer needs and market conditions.
• C)As experience grows and company personnel learn how to perform the activities consistently well and at an acceptable cost, the ability evolves into a tried-and-true competence.
• D)It is generally much easier and less time-consuming to update and remodel a company's existing capabilities as external conditions and company strategy change than it is to create them from scratch.
• E)When a company succeeds in hiring talented employees and training them properly, competencies and capabilities tend to develop quickly and, once put in place, can last for a decade or more.

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Definitions:

Equipment

Tools or machinery used for specific purposes, especially in the context of manufacturing or industrial operations.

Goods and Services

The output of an economy that satisfies consumer or business needs, where goods are physical items and services are intangible activities or benefits.

Capital Spending

Expenditures by businesses to acquire or upgrade physical assets such as property, industrial buildings, or equipment to increase their capacity or efficiency.

Incorporating

The process of legally declaring a business as a corporation, providing it with specific legal rights and protections.