A company resource weakness or competitive deficiency
A) represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace.
B) causes the company to fall into a lower strategic group than it otherwise could compete in.
C) prevents a company from having a distinctive competence.
D) usually stems from having a missing link or links in the industry value chain.
E) is something a company lacks or does poorly (in comparison to rivals) or a condition that puts it at a disadvantage in the marketplace.

Question

Quizplus · Accepted Answer

A company resource weakness or competitive deficiency is something that a company lacks or does poorly (in comparison to rivals) or a condition that puts it at a disadvantage in the marketplace. This can include anything from a lack of skilled employees to outdated technology to a poorly designed supply chain. A weakness or deficiency needs to be identified and addressed in order for the company to remain competitive and ultimately succeed in the marketplace.

A Company Resource Weakness or Competitive Deficiency