Here, correct answer is true,
Explanation:
As, Organization need to establish core competencies as with gaining such core competencies, organization can improve competitive advantage, further, core competencies will be gained, if organization focuses on specific competitive priority, hence, the statement is True,
An organization focuses on a specific competitive priority in order to establish a core competence from...
Can you identify the core competencies of Colgate-Palmolive? Do they currently contribute to a competitive advantage? If no what changes can your company make to establish a competitive advantage?
In order to maintain the organization's differentiation and competitive position in the market, managers can deliberately try to erect barriers to entry and to exploit the experience curve to establish the organization as the low-cost leader. However, through timidity, some managers quietly take a different approach, they don't maximize profits. While establishing a pricing structure that produces only modest profits might dissuade competitors from being drawn to the market, it is a cowardly and inappropriate tactic that shareholders rightly react...
Choose a specific job within an organization in which everyone would be familiar with. Establish a performance management system that would best align the goals of the employees in that job with the goals and values of the organization. Then, design a form to appraise the employees' performance in that job, and discuss how the appraisal directly aligns with the goals that have been created for that specific job
Strategy is used by leaders to establish the direction an organization will take to achieve or maintain competitive advantage. How is strategy different from an organization’s vision and mission? The strategic planning model has four steps: assessments; strategy formulation; implementation of the plan; and evaluation of the results. Explain how this model along with strategic analysis is used to identify and assess an organization’s micro and macro environment. How are strategic planning and the analysis process used to facilitate an...
Discuss the ways in which employing a diverse workforce can give an organization a competitive advantage.
Value can be defined as: fitness for use. quality relative to price. least cost benefit. conformance to specifications. Flag this Question Question 2 6 pts The competitive advantage resulting from an organization's people can drive low cost and differentiation. True False Flag this Question Question 3 6 pts With respect to the dimensions of product design, _____ is the amount of use one gets from a product before it physically deteriorates or until replacement is preferable. reliability aesthetics durability performance...
How can diversity create a competitive advantage for a firm? Use an organization which you know or researched as an example in your answer.
An organization is developing a risk assessment for a newly installed Information System (IS) to determine the best configuration or a supporting Information Technology (IT) product. Which of the following specific factors is often overlooked in this analysis? Exposure of interconnections to organizational core mission functions Effectiveness of inherited security controls Cost benefits that can be gained from a broad-based security implementation Implementation of stove-piped activities that enhance security solutions
3. _______________ refers to top management’s plans to develop and sustain competitive advantage so that the organization’s mission is fulfilled. a. Vision c. Strategy b. Mission d. Competitive advantage 4. The strategic management process can be summarized in all of the following steps EXCEPT a. Internal analysis c. Strategy Evaluation b. Strategy Formulation d. External Analysis e. Strategic Philosophy f. Strategic Control f. N/A, all of these are steps in the process...
Which of the following lists the substituents in the order of priority, from highest (priority 1) to lowest (priority 4)? -Cl, -Br, -OH, -H -NH2, -COOH, -C(=O)H, -CH3 -Cl, -CH2CH3, -CH=CH2, -CH3 -OH, -CH2CH3, -CH=CH2, CH3 -NH2, -CONH2, -COOH, CH3