Which of the Following Statements About Technology Is True

question 23

Multiple Choice

Which of the following statements about technology is true?

• A) Technology alone is enough to provide sustainable competitive advantage to a firm.
• B) Technology plays a marginal role in creating strategic differences.
• C) Technological improvements are not important in strengthening a firm's strategic advantages.
• D) Technological improvements can often be copied by rivals, leading to a profit-eroding arms race.
• E) Technology cannot be used by late entrants to gain a share of the industry.

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Definitions:

Turnaround Strategy

A plan implemented by a company facing difficulties, aiming to recover its profitability and ensure long-term survival.

Rightsizing

An organizational restructuring strategy aimed at optimizing its workforce to improve efficiency and performance, often involving layoffs.

Growth Strategy

A plan or approach aimed at increasing the size, revenue, or market presence of an organization.

Stability Strategy

A corporate strategy aimed at maintaining the current status of the organization without significant growth or reduction, focusing instead on steady operations and profitability.