A Company Resource Weakness or Competitive Deficiency

question 24

Multiple Choice

A company resource weakness or competitive deficiency:

• A) represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace.
• B) causes the company to fall into a lower strategic group than it otherwise could compete in.
• C) prevents a company from having a distinctive competence.
• D) usually stems from having a missing link or links in the industry value chain.
• E) are shortcomings that constitute competitive liabilities.

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Definitions:

Demographic Changes

Alterations in the statistical characteristics of populations over time, such as age, race, gender, or income distribution, which can impact societal structures and organizational strategies.

HR Capacity

The capabilities and resources available within a human resources department to effectively manage an organization’s workforce.

COP

Community of Practice; a group of people who share a common interest in a subject or a profession and improve their knowledge and skills by interacting regularly.

Informational

Relating to or providing information; often used to describe materials or sources designed to inform or educate.