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Management · Q296

Strategic Management

Graduate and Post Graduate · Management · question 296

Q296

Business unit competencies should be distinctive enough to provide a(n):

A.
clear understanding of who you want to lead the company
B.
competitive advantage
Answer
C.
opportunity to compete on a productivity basis
D.
additional strategic mission

Answer: Option B

Solution

Answer: Option B
Solution:
Business unit competencies should be distinctive enough to provide a competitive advantage. Business competency is a set of particular abilities and knowledge that sets a company apart from its competitors. In highly successful companies, core competencies have most likely developed in areas where they add the most value to products.