A Core Competence

question 45

Multiple Choice

A core competence

• A) retracts from a company's arsenal of competitive capabilities and competitive assets and is not a genuine resource strength.
• B) is typically results-based, residing in a company's tangible physical assets on the balance sheet.
• C) is often grounded in a single departments set of knowledge and expertise.
• D) is a competitively relevant activity which a firm performs especially well in comparison to the other activities it performs.
• E) All of these.

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Definitions:

Global Organizations

are businesses or enterprises that operate in multiple countries around the world, facing challenges and opportunities from diverse cultures, legal systems, and market dynamics.

Team-Based Organizational Structure

An organizational layout where tasks and responsibilities are allocated to groups rather than individuals, fostering collaboration.

Flat Organizational Hierarchy

is a structure where there are few or no levels of middle management between staff and executives, often leading to faster decision-making and increased flexibility.

Formalization

The degree of adherence to structured policies, procedures, and guidelines within an organization, contributing to consistency and predictability of actions.