The term "competency trap",refers to:
A) The hubris that affects the senior managers of successful firms.
B) The tendency for firms with competitive advantage based in one industry to fail when they diversify into a new industry.
C) The tendency for capabilities based on highly developed organizational routines to be a source of inflexibility.
D) The tendency for managers to be reluctant to change the strategies that brought them their initial success.
Correct Answer:
Verified
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