Training and Retraining of Employees Likely to Make the LEAST

question 47

Multiple Choice

Training and retraining of employees likely to make the LEAST important contribution to good strategy execution is

• A)when a company shifts to a strategy requiring different skills, competitive capabilities, managerial approaches, and operating methods.
• B)when an organization is striving to build skills-based competencies.
• C)when technical know-how is changing so rapidly that a company loses its ability to compete unless its skilled people have cutting-edge knowledge and expertise.
• D)when the chosen strategy calls for a deeper technological capability or building and using new capabilities.
• E)when the strategy execution effort is based on tried-and-true operating practices that vary little from year to year.

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Definitions:

Resellers

Retailers and wholesalers that buy finished goods and resell them for a profit.

Product Life Cycle

The phases a product experiences starting from its creation and launch into the market, followed by its growth, peak, and finally its reduction in popularity and sales.

Promotion

The activities designed to inform, persuade, or remind target audiences about a product, service, or brand.

High-Learning Products

Products that take longer for consumers to see the benefits of or that do not have a good infrastructure in place to support them.