When Companies Engage in Value-Creating Activities, They Do So by

question 80

Multiple Choice

When companies engage in value-creating activities, they do so by

• A)focusing on exploiting a company's best-executed operating strategy.
• B)concentrating on efficient performance of the company's primary value chain activities.
• C)concentrating on minimizing the costs associated with the design of a product or service.
• D)drawing on specific company resources and capabilities that underlie and enable the activity.
• E)focusing on working with forward-channel allies to develop capabilities to outmatch the capabilities of rivals.

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Definitions:

Personal Factors

Individual characteristics that influence behavior, attitudes, and performance.

Situational Factors

External conditions or circumstances that influence an individual's behavior, decisions, and actions in a given context.

Locus of Causality

Refers to where individuals attribute the cause of events, either internally (to themselves) or externally (to the situation or others).

Correspondent Inference

A theory suggesting that people make inferences about a person's dispositional attributes based on observed behaviors, especially when those behaviors have socially unexpected consequences.