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:

Corporate Responsibility

The ethical obligation of a company to act in ways that benefit society and the environment, beyond its business interests.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the costs of goods sold, representing the portion of sales that turns into profit.

Stakeholders

Any group that a business interacts with, such as customers, competitors, unions, suppliers, consumer groups, and government agencies.

Standards Of Conduct

Formal or informal rules that govern behaviors within a group, organization, or society, often reflecting shared values and norms.