Strategic Initiatives That a Firm Can Use to Counter Disruptive

question 71

Multiple Choice

Strategic initiatives that a firm can use to counter disruptive innovations in the industry include all of the following EXCEPT:

• A) Improve the product or service value perception by increasing prices.
• B) Stay "ahead of curve" by incremental innovation.
• C) Protect the low end of the market by introducing low-end innovations.
• D) Use the needs of emerging markets to reverse innovate.

Identify and apply human resource planning processes and forecasting methods.

Recognize the roles of different workforce strategies such as downsizing, hiring freezes, and early retirement in organizational restructuring.

Evaluate the effects of outsourcing and temporary employment on organizational efficiency and employee commitment.

Understand the implications of labor demand prediction strategies on workforce planning.

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Definitions:

Table

A systematic arrangement of data in rows and columns, facilitating easy comparison, analysis, and presentation of information.

Slope Coefficient

A measure in regression analysis that quantifies the change in the dependent variable for a one-unit change in an independent variable.

Correlation Coefficient

A measure ranging from -1 to 1 that indicates the strength and direction of the relationship between two variables.

Slope

In mathematics, the slope defines the steepness and direction of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.