Here, correct answer is true,
Explanation:
As, Organization need to establish core competencies as with gaining such core competencies, organization can improve competitive advantage, further, core competencies will be gained, if organization focuses on specific competitive priority, hence, the statement is True,
An organization focuses on a specific competitive priority in order to establish a core competence from...
Can you identify the core competencies of Colgate-Palmolive? Do they currently contribute to a competitive advantage? If no what changes can your company make to establish a competitive advantage?
In order to maintain the organization's differentiation and competitive position in the market, managers can deliberately try to erect barriers to entry and to exploit the experience curve to establish the organization as the low-cost leader. However, through timidity, some managers quietly take a different approach, they don't maximize profits. While establishing a pricing structure that produces only modest profits might dissuade competitors from being drawn to the market, it is a cowardly and inappropriate tactic that shareholders rightly react...
Choose a specific job within an organization in which everyone would be familiar with. Establish a performance management system that would best align the goals of the employees in that job with the goals and values of the organization. Then, design a form to appraise the employees' performance in that job, and discuss how the appraisal directly aligns with the goals that have been created for that specific job
Discuss the ways in which employing a diverse workforce can give an organization a competitive advantage.
Value can be defined as: fitness for use. quality relative to price. least cost benefit. conformance to specifications. Flag this Question Question 2 6 pts The competitive advantage resulting from an organization's people can drive low cost and differentiation. True False Flag this Question Question 3 6 pts With respect to the dimensions of product design, _____ is the amount of use one gets from a product before it physically deteriorates or until replacement is preferable. reliability aesthetics durability performance...
How can diversity create a competitive advantage for a firm? Use an organization which you know or researched as an example in your answer.
3. _______________ refers to top management’s plans to develop and sustain competitive advantage so that the organization’s mission is fulfilled. a. Vision c. Strategy b. Mission d. Competitive advantage 4. The strategic management process can be summarized in all of the following steps EXCEPT a. Internal analysis c. Strategy Evaluation b. Strategy Formulation d. External Analysis e. Strategic Philosophy f. Strategic Control f. N/A, all of these are steps in the process...
Q1. True or False? A major externality that can affect the life cycle of any service in health care is reimbursement changes. True False Q2. True or False? There are two components to risk that affect adoption: financial and organizational. True False Q3. Which of the following is not one of the many advantages that have been cited by having a strong brand? A. It provides for gaining a competitive advantage. B. It allows an organization to establish a successful...
Which of the following lists the substituents in the order of priority, from highest (priority 1) to lowest (priority 4)? -Cl, -Br, -OH, -H -NH2, -COOH, -C(=O)H, -CH3 -Cl, -CH2CH3, -CH=CH2, -CH3 -OH, -CH2CH3, -CH=CH2, CH3 -NH2, -CONH2, -COOH, CH3
In order to maintain its competitive advantage over time, an organization needs to make a number of strategic decisions. This competitive strategy influences and modifies many activities, including those related to its network of value-creating activities, also known as its value chain. Suppose that Nebulon Inc., a manufacturer of lighting fixtures, has decided to change its competitive strategy from high-quality differentiation to cost leadership. In an essay, describe how this decision would affect Nebulon’s value chain activities. What would Nebulon...