Building Dynamic Capabilities and Core Competencies

question 14

Multiple Choice

Building dynamic capabilities and core competencies

• A) is best and most cost-effectively accomplished by forming alliances with outsiders.
• B) generally requires recalibration of existing ones and adding new capabilities and competencies when necessary.
• C) entails developing more breadth and depth in a company's knowledge base and stock of intellectual capital than rivals have.
• D) can be done quickest by creating a new department and assigning it the task of imitating the desired capabilities that one or more rivals (or even companies outside the industry) have already developed.
• E) entails hiring a cadre of people with the right talent and expertise and letting them lead the effort to establish a strong corporate culture that features the desired competence or capability.

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Definitions:

Unconscious

The unconscious consists of processes in the mind that occur automatically and are not available to introspection, including desires, feelings, and motivations.

Self-Realization

The process of fully understanding and achieving one's own potential, abilities, and desires, often considered a primary goal in various psychological and spiritual theories.

Innate Potential

Refers to the inherent abilities or capacities of an individual that can be developed through experience and learning.

Oedipus Complex

A theory in psychoanalytic literature that describes a child's feelings of desire for their opposite-sex parent and jealousy and rivalry with their same-sex parent.