In 1990,CK

question 24

Multiple Choice

In 1990,C.K.Prahalad and Gary Hamel introduced the concept of "core competence." Their argument was that:

• A)Competence was more important than capability as a basis for sustainable competitive advantage
• B)Management should accumulate the resources that form the basis of competences
• C)Strategy should be focused on both developing and exploiting firms' distinctive capabilities
• D)Competitive advantage rather than industry attractiveness was the primary source of superior profitability

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Definitions:

Insolvent

Insolvent is a financial term used to describe a situation where an individual or entity is unable to meet their debt obligations due to insufficient assets.

Reclaim

To retrieve or recover something that was previously lost, surrendered, or discarded.

Received Goods

Items that have been delivered and accepted by a buyer, typically in a commercial transaction.

Aggrieved Party

An individual or entity that has suffered a legal wrong or injury, giving them the right to seek remedy.