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Questions and Answers
What are the overall aims of a commercial organization?
What are the overall aims of a commercial organization?
- To make profits, increase turnover, increase market share, be highly regarded (correct)
- To meet the needs of service group within resource constraints
- To maximize the shareholders’ wealth
- To develop strategies for accumulating invisible assets
According to Itami & Roehl (1987), what are the important features of invisible assets?
According to Itami & Roehl (1987), what are the important features of invisible assets?
- Easily attainable with money, quick to develop, capable of single use, yield single benefit
- Unattainable with money alone, time-consuming to develop, capable of multiple simultaneous use, yield multiple simultaneous benefits (correct)
- Unattainable with money alone, quick to develop, capable of multiple simultaneous use, yield single benefit
- Attainable with money alone, time-consuming to develop, capable of single use, yield multiple simultaneous benefits
What is the focus of the resource-based view and the knowledge-based view of the firm in strategic management?
What is the focus of the resource-based view and the knowledge-based view of the firm in strategic management?
- Minimizing resource utilization for cost reduction
- Outsourcing all resources and knowledge
- Leveraging internal resources and knowledge for competitive advantage (correct)
- Maximizing profits through external acquisitions
What distinguishes the industrial organization tradition from the institutionalist perspective in strategic thinking?
What distinguishes the industrial organization tradition from the institutionalist perspective in strategic thinking?
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What is the aim of not-for-profit organizations within resource constraints?
What is the aim of not-for-profit organizations within resource constraints?
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