An insurance firm decides to recognize its resources and capabilities. It observes that a few resources and capabilities deliver unique value, but others are subjected to easy imitation. In this case, the organization is __________.
A)learning its strengths and weaknesses
B)bringing strength against weakness
C)neutralizing vulnerability
D)developing strategies that cannot be easily copied

Question

Quizplus · Accepted Answer

The insurance firm is learning its strengths (resources and capabilities that deliver unique value) and weaknesses (resources and capabilities that are easily imitated). This process involves identifying what sets the firm apart and what areas may be vulnerable to competition, which is crucial for strategic planning and improvement.

An Insurance Firm Decides to Recognize Its Resources and Capabilities