If a Company Doesn't Possess Standalone Resource Strengths Capable of Contributing

question 124

Multiple Choice

If a company doesn't possess standalone resource strengths capable of contributing to competitive advantage,

• A) all potential for competitive advantage is lost.
• B) it is unlikely to survive in the marketplace and should exit the industry.
• C) it may have a bundle of resources that can be leveraged to develop a distinctive competence.
• D) it is virtually blocked from using offensive strategies and must rely on defensive strategies.
• E) its best strategic option is to revamp its value chain in hopes of creating stronger competitive capabilities.

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Definitions:

Feedback

Information given to an individual or group regarding their performance or behavior for the purpose of improvement.

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The degree of importance assigned to a task, problem, or situation, often used to guide decision-making and resource allocation.