Asked by Bimala Sharma Acharya on May 04, 2024
Verified
Deciding what represents a core competency in an organization is:
A) often a fairly complex decision and a function of many factors.
B) always the same for companies in the same industry.
C) a fairly easy decision once organizational goals and objectives are known.
D) a decision best left to the organization's Board of Directors.
E) a decision best left to the chief executive officer (CEO) .
Core Competency
A defining strength or advantage of a company, crucial to its success and difficult for competitors to replicate.
Complex Decision
A decision-making process involving multiple factors and stakeholders, requiring a thorough analysis due to its high uncertainty and impact.
Organizational Goals
The strategic objectives a company aims to achieve, which guide its operations, decision-making, and the allocation of its resources.
- Determine the components that constitute a core competency and how it affects decisions regarding outsourcing.
Verified Answer
Learning Objectives
- Determine the components that constitute a core competency and how it affects decisions regarding outsourcing.
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