How Are Organisational Strategies Related to Core Competencies

question 20

Multiple Choice

How are organisational strategies related to core competencies?

• A) Competencies are the tactics managers use to take advantage of strategies
• B) Competencies and strategies are an integral part of organisational vision
• C) Strategies help managers exploit competencies
• D) Strategies and competencies are actually two ways of expressing the same idea

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Definitions:

Award-Winning Product

A product that has received recognition or prizes from professional organizations or competitions for its quality, innovation, or design.

Intellectual Property

Intellectual Property encompasses rights over creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

Trade Secrets

Confidential business information that provides a competitive edge, protected by law against unauthorized disclosure.

Novel Idea

A new, original, and unique concept, suggestion, or thought that has not been presented or explored previously.