The Strategic Importance of Deliberately Trying to Develop Organizational Competencies

question 56

Multiple Choice

The strategic importance of deliberately trying to develop organizational competencies and capabilities is

• A)lower costs for employee training.
• B)improved strategy execution and a potential for competitive advantage.
• C)an increased ability to reduce total operating costs.
• D)the added ease with which strategic fit and resource fit benefits can be captured.
• E)the enhanced ability to avoid the perils of outsourcing.

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Definitions:

Vocational Interests

Preferences and inclinations towards certain professions or occupational activities.

Vocational Fit

The degree to which an individual's interests, skills, and values align with a particular career or job.

Openness to Experience

A personality trait that describes the extent to which an individual is imaginative, open-minded, and seeks new experiences.

Higher Job Performance

Refers to the degree to which an employee exceeds the job requirements in terms of quality, quantity, efficiency, and effectiveness.