Managerial Actions to Develop Core Competencies and Competitive Capabilities Internally

question 18

Multiple Choice

Managerial actions to develop core competencies and competitive capabilities internally generally take one of two forms. What are they?

• A)either strengthening the company's base of skills, knowledge, and experience or coordinating and integrating the efforts of various work groups and departments
• B)either putting in high incentive bonuses to reward individual employees who train hard to develop the desired capability or launching an extensive training effort to develop the capability quickly with newly hired employees
• C)either using benchmarking and the adoption of best practices to imitate a capability that rivals have already developed or empowering a team of employees to develop the capability however they best see fit
• D)either using developed dynamic capabilities or acquiring the capability from outside sources
• E)either by enforcing close cross-business collaboration or by centralizing the performance of functions requiring close coordination at the corporate level

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Definitions:

Wechsler Adult Intelligence Scale

A standardized test designed to measure intelligence and cognitive ability in adults and older adolescents.

Stanford-Binet Intelligence Scale

An individually administered intelligence test that was revised from the Binet-Simon Scale, used to assess human intelligence.

Mental Age

A measure of an individual's mental aptitude based on the average age at which normal individuals achieve a certain level of performance.

Chronological Age

The age of an individual as measured from their birth to the present date, typically expressed in years.