By Following a Straddling Strategy, Firms Can Broaden Their Capabilities

question 39

True/False

By following a straddling strategy, firms can broaden their capabilities and effectively compete with more focused firms in markets requiring low cost for success.

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Definitions:

Fiedler's Contingency Theory

A leadership model proposing that effective leadership style is contingent upon situational demands, including the leader-member relations, task structure, and position power.

Need Structure

The specific set of needs or requirements that is essential for an organization or individual to thrive and succeed.

Effectiveness

The degree to which something is successful in producing a desired result or outcome; efficiency in achieving goals.

Employee-oriented

Describes management or leadership styles that prioritize the well-being, development, and engagement of employees over strict adherence to rules or production targets.