Which of the Following Statements About the External Perspective of Competitive

question 62

Multiple Choice

Which of the following statements about the external perspective of competitive advantage is most accurate?

• A) The success of a strategy is determined by the forces within the firm's external environment and industry.
• B) The firm's internal resources and capabilities represent the foundation for development of a value-creating strategy.
• C) Internationalization is a factor that leads to globalization.
• D) Firms should seek to maximize their returns by changing organizational structure in a manner consistent with the most efficient producers in any given industry.

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Definitions:

Knowledge Competency

The ability to effectively apply and use relevant knowledge in a specific area or field to achieve desired results.

Katz's Model

A theory developed by Robert Katz that identifies three essential skills for effective leadership: technical, human, and conceptual skills.

Administrative Skills

Abilities related to managing operations, such as organizing, planning, and overseeing tasks within an organization.

Supervisory-Level Manager

A middle-management position responsible for overseeing employees and ensuring that departmental or organizational objectives are met.