Asked by nathi ngcobo on Jun 18, 2024

verifed

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.
verifed

Verified Answer

MS
mandeep sandhuJun 25, 2024
Final Answer :
B
Explanation :
The market-based view of strategy development suggests that a firm's success most depends on the attractiveness of the industry in which it operates. This includes market size, growth rate, profitability, and competitive intensity. While organizational resources, employee strengths, and customer loyalty can all contribute to a firm's success, they are ultimately secondary to the external market conditions.