An innovation can be competence enhancing to one firm,while competence destroying for another.

Question

Quizplus · Accepted Answer

This statement is true. An innovation can improve the competitive advantage and competence of one firm, while making it more difficult for another firm to compete with them. For example, a new technology that improves manufacturing efficiency may benefit one firm by reducing costs and increasing productivity, while harming another firm that relies on outdated technology and processes.

An Innovation Can Be Competence Enhancing to One Firm,while Competence