According to Jim Collins, a Person Who Builds Enduring Greatness

question 72

Multiple Choice

According to Jim Collins, a person who builds enduring greatness through a paradoxical blend of personal humility and professional will can be categorized as a ____.

• A)hierarchical leader
• B)contributing team member
• C)competent manager
• D)reactive leader
• E)Level 5 executive

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Definitions:

Buyer Sophistication

The level of awareness, knowledge, and discernment among consumers regarding the quality, features, and pricing of products or services.

Commoditization

The process by which products become indistinguishable from each other, leading to increased competition based on price.

Cost Leadership

A business strategy aimed at becoming the lowest cost producer in an industry, often resulting in competitive pricing.

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.