Which of the Following Statements About Developing Organizational Competencies and Capabilities
Which of the following statements about developing organizational competencies and capabilities is false?
A) Core competencies or capabilities are most often bundles of skills and know-how that grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.
B) Evolving changes in customer needs and competitive conditions often require tweaking and adjusting a company's portfolio of competencies and intellectual capital to keep its capabilities freshly honed and on the cutting edge.
C) Normally,core competencies and competitive capabilities emerge incrementally as a company (1) acts to bolster skills that contributed to earlier successes,or (2) acts to respond to customer problems,new technological or market opportunities,and the competitive maneuvers of rivals.
D) Building organizational capabilities is best and most cost-effectively accomplished by hiring a cadre of people with the right talent and expertise,putting them together in a single work group,and then teaming the work group with key strategic allies/partners to mesh the skills,expertise,and competencies needed to perform the desired capabilities with some proficiency.
E) The key to leveraging a core competence into a distinctive competence (or transforming a capability into a competitively superior capability) is concentrating more effort and talent than rivals on deepening and strengthening the competence or capability so as to achieve the dominance needed for competitive advantage.
Correct Answer:
Verified
Q12: In formulating an action agenda to implement
Q18: The approach to identifying the items needed
Q20: The two best signs of good strategy
Q21: Which of the following is NOT one
Q24: The capability-building process:
A) is first and foremost
Q25: In companies where intellectual capital is crucial
Q26: Recruiting and retaining capable employees:
A) is usually
Q27: Building an organization capable of good strategy
Q27: Managerial actions to develop core competencies and
Q28: Putting together a capable top management team
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents