Organizational Capabilities Are Virtually Always

question 102

Multiple Choice

Organizational capabilities are virtually always:

• A) knowledge-based,residing in people and in the company's intellectual capital,or in organizational processes and systems,which embody tacit knowledge.
• B) more complex than resources and are exercised only through key personnel.
• C) require constant evaluation to ensure cooperative support from management.
• D) are easier and less challenging to categorize than resources because there are fewer to be concerned about.
• E) reflective of the industry's driving forces.

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Definitions:

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

Contingency Plans

Preparatory measures or strategies developed to address potential future events or situations that may affect the execution of a plan or project.

Additional Time

Extra time allocated beyond the originally planned or scheduled duration, often to complete a task or accommodate unforeseen delays.

Starting Phase

The initial period or stage of a process or activity during which things are set in motion.