Leveraging competencies involves taking a distinctive competency developed by a business unit in one industry to create:
A) a new business unit in the same industry.
B) a new business unit in a different industry.
C) lower costs in various business units.
D) differentiation in various business units.
E) new customers in the same industry.

Question

Quizplus · Accepted Answer

Leveraging competencies involves using a distinctive competency developed by a business unit in one industry to create a new business unit in a different industry. This allows the business to expand and diversify its offerings and tap into new markets while using the skills and knowledge it has already developed. Therefore, option B is the correct answer. The other options may be potential benefits of leveraging competencies, but they are not the primary objective.

Leveraging Competencies Involves Taking a Distinctive Competency Developed by a Business