The Traits of the Capability-Building Process Involve All of the Following

question 86

Multiple Choice

The traits of the capability-building process involve all of the following EXCEPT

• A)evolving changes in customer needs and competitive conditions that 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.
• B)a core competence or capability that emerges incrementally out of company efforts either to bolster skills that contributed to earlier successes or to respond to customer problems, new technological and market opportunities, and the competitive maneuverings of rivals.
• C)core competencies or capabilities that are most often bundles of skills and know-how that grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a 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), which concerns concentrating more effort and talent than rivals on deepening and strengthening a competence or capability so as to achieve the dominance needed for competitive advantage.
• E)saving time by creating capabilities from scratch to remain aligned with external conditions and company strategy rather than updating and remodeling existing capabilities.

Explain the retailer's strategy in addressing the conflict between consumer and manufacturer preferences regarding product quantity.

Understand the role and impact of mobile commerce in the retail industry.

Grasp the concept of increasing a company's share of wallet among current customers.

Recognize the importance of convenient store locations and the concept of "location, location, location" in retail success.

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Definitions:

Negative Thoughts

Mental processes characterized by pessimism or a focus on undesirable outcomes or experiences.

Geert Hofstede

A Dutch social psychologist who made a significant contribution to the understanding of cultural differences through his development of cultural dimensions theory.

Masculine Culture

refers to a societal or organizational culture that values traditional masculine traits such as assertiveness, competitiveness, and dominance.

Expatriates

Individuals who live outside their native country, often for work reasons, and face unique challenges and opportunities.