In order to develop a world-class capability, a company should first
A)strive to win market share for specific products.
B)purchase more capital assets to improve profits.
C)hire more people in anticipation of economic downturns.
D)commit to excellence and leadership in capabilities.
E)maintain and grow the stock price.

Question

Quizplus · Accepted Answer

Developing a world-class capability involves committing to excellence and leadership in capabilities. It requires a focused effort on building and improving skills, processes, and technology to achieve a strategic advantage over competitors. Winning market share for specific products, purchasing more capital assets, hiring more people in anticipation of economic downturns, and maintaining and growing stock price may be important goals, but they are not sufficient to develop a world-class capability.

In Order to Develop a World-Class Capability, a Company Should