A farsighted strategy for the ____ dimension involves heavy emphasis on developing new products and services and on innovations in production, marketing, and human resource management.

A) competitive advantage
B) organizational structure
C) research and development
D) human resources
E) problem-solving

Competitive Advantage

The attributes or conditions that allow a company or country to produce goods or services more efficiently or at a higher quality than its competitors, leading to better sales or margins.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance.

New Products

Goods or services that have been recently developed or introduced to the market, offering new features, benefits, or innovations.