In Order for a Firm to Achieve Sustained Competitive Advantage

question 54

True/False

In order for a firm to achieve sustained competitive advantage, a firm must continually adapt to changes in external trends and events and effectively formulate, implement, and evaluate strategies that capitalize upon those factors.

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Definitions:

Bureaucrats

Government officials and workers who run the day-to-day business of government, often associated with the administrative aspects of governance.

Political Control

The exertion of influence or authority over political activities, systems, or entities to guide their operation and objectives.

Ronald Reagan

The 40th President of the United States, serving from 1981 to 1989, known for his conservative policies and significant role in ending the Cold War.

George H.W. Bush

The 41st President of the United States, serving from 1989 to 1993, known for his foreign policy achievements and domestic economic challenges.