Management Innovations Such as Total Quality,benchmarking,and Business Process Reengineering Cannot

question 63

Multiple Choice

Management innovations such as total quality,benchmarking,and business process reengineering cannot lead to sustainable competitive advantage because:

• A) companies that have implemented these techniques have lost money
• B) there is no proof that these techniques work
• C) they cost too much money and effort to implement
• D) every company is trying to implement them and hence it does not make a company different from others

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Definitions:

Passive Resource

A passive resource refers to an economic asset that requires no active management or labor input to generate income or value.

Capital

Assets or resources that are used to generate income or make an investment, including buildings, machinery, and equipment.

Office Buildings

Structures designed and used primarily for hosting business offices and other professional or administrative services, ranging from small single-tenant buildings to large skyscrapers.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, measured by the change in real GDP.