______ are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.
A)Grand strategies
B)Distinctive competencies
C)Competitive advantages
D)Resources
E)Strategic stances

Question

Quizplus · Accepted Answer

Resources are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem. Grand strategies refer to the overall direction and scope of an organization over the long-term. Distinctive competencies are the unique strengths of an organization that are difficult for competitors to imitate or replicate. Competitive advantages refer to the factors that allow an organization to outperform its competitors. Strategic stances refer to the ways in which an organization positions itself in relation to its competitors and the market.

______ Are the Assets, Capabilities, Processes, Information, and Knowledge That