Which of the Following Is NOT One of the Traits

question 11

Multiple Choice

Which of the following is NOT one of the traits of the capability building process?

• A) Core competencies or capabilities are usually the product of astute company efforts to hire and train talented employees.
• B) Normally,core competencies and competitive capabilities emerge incrementally as a company acts to bolster skills that contributed to earlier successes.
• C) Core competencies or capabilities are most often bundles of skills and know-how that grow out of the combined efforts of cross-functional work groups and departments that perform complementary activities at several places in the firm's value chain.
• D) The key to leveraging a core competence into a distinctive competence (or transforming a capability into a competitively superior capability)is concentrating more effort and talent than rivals on strengthening the competence or capability to achieve a competitive advantage.
• E) Evolving changes in customer needs and competitive conditions often require tweaking and adjusting a company's portfolio of competencies and intellectual capital to keep its capabilities freshly honed and on the cutting edge.

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Definitions:

Labor Hours

The total number of hours worked by employees for the production of goods or the provision of services.

Inventory Holding Cost

The total cost of storing and managing goods that a company has in stock, including warehousing and insurance.

Forward Buying

Forward buying is a purchasing strategy where buyers purchase larger quantities than immediately needed to take advantage of lower prices or to ensure supply against future shortage.

Market Growth

The increase in the demand or sales of a particular product or service within a specific industry or market over time.