Managerial Actions to Develop Core Competencies and Competitive Capabilities Internally

question 61

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:

Securities Exchange Act

A U.S. law governing the trading of securities, such as stocks and bonds, to provide protection for investors.

Gourmand Pastries

High-quality, often elaborate or luxuriously prepared baked goods intended for those who delight in eating fine food.

Fresh Fruit

Unprocessed fruit, in its natural state, often consumed for its nutritional value.

Registration Statement

A set of documents, including financial statements and a prospectus, filed with the Securities and Exchange Commission (SEC) for a company seeking to issue publicly-traded securities.