The Value of Determining the Relative Competitive Strength of Each

question 36

Multiple Choice

The value of determining the relative competitive strength of each business a company has diversified into is to

• A)have a quantitative basis for identifying which businesses have large/small competitive advantages or competitive disadvantages vis-à-vis the rivals in their respective industries.
• B)have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's revenue growth.
• C)compare resource strengths and weaknesses,business by business.
• D)have a quantitative basis for rating them from strongest to weakest in contending for market leadership in their respective industries.
• E)have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's profitability.

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Definitions:

Hofstede

A researcher known for his studies on how culture influences values in the workplace and in societies at large.

Rank-Order

A method of arranging data or participants based on their score or position relative to one another.

Individualistic

Emphasizing the moral worth of the individual and favoring freedom of action for individuals over collective or state control.

Hofstede

A Dutch social psychologist who developed a model identifying five dimensions of culture that help to understand differences in societies: power distance, individualism versus collectivism, masculinity versus femininity, uncertainty avoidance, and long-term versus short-term orientation.