When technology is progressing rapidly,firms are more likely to
A) commit themselves to fixed assets.
B) focus on developing the necessary skills in-house.
C) use linkages with other specialized firms to access resources they do not possess.
D) focus on broadening their capabilities.

Question

Quizplus · Accepted Answer

When technology is progressing rapidly, firms may not have all the necessary resources and expertise in-house to keep up. Thus, they may need to form linkages with other specialized firms to access those resources. This allows them to stay competitive without having to commit themselves to fixed assets or trying to develop all the necessary skills in-house, which can be costly and time-consuming. Focusing on broadening their capabilities may also be useful, but it may not be as efficient or effective as forming linkages with other firms.

When Technology Is Progressing Rapidly,firms Are More Likely to