A Sustainable Competitive Advantage Is Gained When a Company

question 35

Multiple Choice

A sustainable competitive advantage is gained when a company

• A)has durable competitive assets that are central to its strategy and superior to those of rival firms.
• B)has sufficient resources to expedite its strategy.
• C)realizes its inherent weaknesses are transformable to advantages.
• D)can stand out relative to rivals because of resource utilization.
• E)has resources in well-populated geographical locations.

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Definitions:

Team Building

The process of creating stronger and more cohesive working relationships within a group.

Valid Data

Information that is accurate, reliable, and relevant to the context or question at hand, and collected through sound methods.

Continuous Improvement

A management approach focusing on the ongoing improvement of products, services, or processes through incremental and breakthrough improvements.

Organizational Development

A specialty dedicated to advancing the capacities and success rates of individuals in executing organizational changes and elevating performance, through systematic research, theory crafting, and practice.