Many Companies Have Not Been Able to Realize the Full

question 87

True/False

Many companies have not been able to realize the full potential of a virtual world environment beyond just providing virtual showcases for their products.

---

Definitions:

Functional Strategy

A strategy focused on improving the efficiency and effectiveness of a specific area within an organization, such as marketing, manufacturing, or human resources.

Business Strategy

Business strategy comprises the actions and decisions that a company makes to achieve its business goals and to secure a competitive position in the market.

Incrementalism

A policy or strategy of making gradual changes or taking small steps instead of large, drastic actions.

Emergent Strategies

Emergent strategies develop over time as managers learn from and respond to experience.