When Companies Find It Hard to Change Their Strategies and Structures

question 21

Multiple Choice

When companies find it hard to change their strategies and structures to adapt to changing competitive conditions,they suffer from

• A) inertia.
• B) prior strategic commitments.
• C) barriers to mobility.
• D) lack of resources.
• E) lack of capabilities.

---

Definitions:

Finite Population Correction Factor

The term \( \frac{(N - n)}{(N - 1)} \) that is used in the formulas for s_x and s_p whenever a finite population, rather than an infinite population, is being sampled. The generally accepted rule of thumb is to ignore the finite population correction factor whenever n/N ≤ .05.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly of the mean.

Computing

Computing refers to the process of utilizing computer technology to complete a task or solve problems.

Sample Mean

The average calculated from a sample set of data, used as an estimate of the population mean.