In Order to Sustain the Competitive Power of Resources and Capabilities

question 70

Multiple Choice

In order to sustain the competitive power of resources and capabilities they must be

• A) continually strengthened and nurtured.
• B) broadened and deepened to cover emerging market opportunities.
• C) refreshed,modified,or sometimes phased out and replaced in response to ongoing market changes.
• D) difficult to imitate.
• E) All of these.

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Definitions:

Lay Epistemology

The ways in which ordinary people come to understand and make sense of knowledge and reality, often influencing their judgments and decisions.

Social Cognition

The study of how people process, store, and apply information about themselves and others in social situations.

Perception

The process of organizing, identifying, and interpreting sensory information in order to represent and understand the environment or an object.

Lay Epistemology

The study of how ordinary people form beliefs, judgments, and knowledge about the world.