_____ are used by managers to measure whether their firm has developed the core competencies that it needs to achieve a sustainable competitive advantage.
A) Strategic reference points
B) Retrenchment strategies
C) Process maps
D) Strategic business units

Question

Quizplus · Accepted Answer

Strategic reference points, such as key performance indicators and industry benchmarks, are commonly used by managers to assess whether their firm has developed the necessary core competencies to achieve a sustainable competitive advantage. Retrenchment strategies refer to a firm's efforts to streamline operations and reduce costs, while process maps are visual representations of a firm's processes. Strategic business units are separate divisions or segments within a larger organization that focuses on a specific product or service.

_____ Are Used by Managers to Measure Whether Their Firm