When a Company Has Weaknesses Relative to Competitors Among Strategically

question 31

Multiple Choice

When a company has weaknesses relative to competitors among strategically important resources and capabilities,the appropriate strategic response is to:

• A)Invest heavy in order to upgrade weaknesses
• B)Diversify in order to find new areas of business where these resources and capabilities are unimportant to competitive advantage
• C)Outsource those activities where third parties can offer superior capabilities while positioning the business to reduce vulnerable to remaining weaknesses
• D)Employ management consultants to seek a solution.

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Definitions:

Social Factor

An element that influences societal interaction and individual behavior, such as education, family, and income.

Counter-Enlightenment

Refers to movements or thoughts that reject or oppose the ideals of the Enlightenment, such as reason, progress, and individualism.

Enlightenment Philosophy

A movement in the 17th and 18th centuries emphasizing reason and individualism rather than tradition; it heavily influenced the development of Western political, philosophical, and scientific thought.

Sociological Thought

The range of theories and ideas in the field of sociology that aim to understand and analyze society and human behavior.