How do firms leverage the expertise of their talent pool in building capabilities?
A) Generally by updating existing capabilities.
B) Generally by establishing a new arsenal of resource capabilities by phasing-out existing capabilities.
C) Generally by refreshing existing capabilities.
D) Generally by augmenting or recombining well-established capabilities with existing resources.
E) None of these,it is easier and less time-consuming to start from scratch in building resource capabilities.

Question

Quizplus · Accepted Answer

Firms leverage the expertise of their talent pool in building capabilities generally by augmenting or recombining well-established capabilities with existing resources. This approach allows companies to build on their existing strengths and competencies while incorporating new knowledge and skills from their employees. Refreshing or updating existing capabilities and establishing a new arsenal of resource capabilities by phasing-out existing capabilities may be necessary in certain situations, but it is generally not the preferred approach. Starting from scratch in building resource capabilities is rarely easier or less time-consuming.

How Do Firms Leverage the Expertise of Their Talent Pool