Honda, Canon, and 3M Corporation are illustrations of:
A)Firms that suffer from an obvious mismanagement of their resources and capabilities
B)Firms that nurture and leverage some technological core competencies
C)Firms that benefited from a stable environment that contributed to the management of their core competencies
D)Firms that manage their capabilities only by a few "rules-of-thumb"

Question

Quizplus · Accepted Answer

The examples of Honda, Canon, and 3M Corporation suggest that these firms have nurtured and leveraged some technological core competencies. They have focused on building their capabilities and resources, which have enabled them to stay competitive and profitable in the long run. These firms have invested heavily in R&D, innovation, and employee training, which has helped them develop unique and valuable technological capabilities that are difficult for their competitors to imitate. Hence, these firms have a strong competitive advantage in their respective markets.

Honda, Canon, and 3M Corporation Are Illustrations Of