A Variety of Firm Resources Include Interpersonal Relations Among Managers

question 25

Multiple Choice

A variety of firm resources include interpersonal relations among managers in the firm, its culture, and its reputation with its suppliers and customers. Such competitive advantages are based upon

• A) social complexity.
• B) path dependency.
• C) physical uniqueness.
• D) tangible resources.

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Definitions:

Formal Work Groups

Teams established by an organization to achieve specific tasks, characterized by structured roles, responsibilities, and processes.

Organizational Members

Employees or stakeholders who actively participate in the organization's processes and activities.

Interaction and Coordination

The process by which individuals or groups communicate and work together effectively to achieve a common goal.

Strategic Priority

A critical area or action that an organization identifies as essential to its success and allocates resources towards achieving.