A manager's only responsibility is to monitor and assess the performance of his or her firm.

Question

Quizplus · Accepted Answer

Since competitive advantage is defined as superior performance relative to other competitors in the same industry or the industry average, a firm's managers must be able to accurately assess the performance of their firm and compare and benchmark their firm's performance to other competitors in the same industry or against the industry average.

A Manager's Only Responsibility Is to Monitor and Assess the Performance