Multiple Choice
In 1990,C.K.Prahalad and Gary Hamel introduced the concept of "core competence." Their argument was that:
A) Competence was more important than capability as a basis for sustainable competitive advantage
B) Management should accumulate the resources that form the basis of competences
C) Strategy should be focused on both developing and exploiting firms' distinctive capabilities
D) Competitive advantage rather than industry attractiveness was the primary source of superior profitability
Correct Answer:

Verified
Correct Answer:
Verified
Q19: "Organizational capability" and "organizational competence" refer to
Q20: Firm's with outstanding capabilities are typically those
Q21: A major reason why many companies have
Q22: Strategy needs to take account of both
Q23: The difference between a resource and a
Q25: Honda Motor Company,Microsoft,and 3M Corporation are examples
Q26: To exploit its tangible assets more effectively
Q27: The more stable is a firm's external
Q28: Companies with the highest ratios of market
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