Asked by nathi ngcobo on Jun 18, 2024
Verified
According to the market-based view of strategy development,the success of a firm most likely depends on ________.
A) organizational resources
B) industry attractiveness
C) employee strengths
D) customer loyalty
Market-Based View
A strategic perspective that emphasizes the importance of external market conditions in shaping a firm's strategy and competitive advantage.
Industry Attractiveness
The desirability of an industry to firms and investors, based on factors like profitability, growth potential, and competition levels.
Organizational Resources
Assets, capabilities, processes, employee time, information, and knowledge that an organization controls, useful for creating and implementing strategies.
- Recognize the characteristics that determine industry attractiveness according to the market-based view.
Verified Answer
Learning Objectives
- Recognize the characteristics that determine industry attractiveness according to the market-based view.
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