Managerial Actions to Develop Core Competencies and Competitive Capabilities Internally

question 61

Multiple Choice

Managerial actions to develop core competencies and competitive capabilities internally generally take one of two forms.What are they?

• A) Either strengthening the company's base of skills,knowledge,and experience or coordinating and integrating the efforts of various work groups and departments
• B) Either putting in high incentive bonuses to reward individual employees who train hard to develop the desired capability or launching an extensive training effort to develop the capability quickly with newly hired employees
• C) Either using benchmarking and the adoption of best practices to imitate a capability that rivals have already developed or empowering a team of employees to develop the capability however they best see fit
• D) Either using developed dynamic capabilities or acquiring the capability from outside sources
• E) Either by enforcing close cross-business collaboration or by centralizing the performance of functions requiring close coordination at the corporate level

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Definitions:

Situational Factors

Refers to external influences that affect an individual's behavior or decision-making process in a given context.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Alternative Solutions

Different methods or strategies that can be used to solve a problem or achieve a goal.

Epileptic Seizure

A brief episode of signs or symptoms due to abnormal excessive or synchronous neuronal activity in the brain, characteristic of epilepsy.