Based on the VRIO framework,which of the following start-up companies has the least potential to have a competitive advantage,to be profitable,and to grow?
A) a cat-sitting service,where you take care of people's cats when they are on vacation;you decide to advertise your services on Craigslist and the local newspaper
B) a "companionship" service for elderly people who live alone because their children are busy working full-time jobs;working adults say such a service would be extremely valuable
C) the only farm within a 100-mile radius that offers its customers organic beef and organic dairy products such as eggs and milk;no other local company offers these products
D) a portrait-painting service by a talented artist who is known for his ability to make all men look handsome and all women look beautiful;very few other artists in the local area have this talent
E) an enrichment program for children that hires talented people and sends each of them to a different school each day of the week;a web-based app helps the manager keep track of all the employees' schedules and locations
Correct Answer:
Verified
Q72: MBO works by objectives moving through the
Q78: What is the primary objective of a
Q78: Which of the following is an example
Q80: To ensure that plans are moving in
Q81: The textbook makes five suggestions for achieving
Q82: VRIO is a framework for analyzing a
Q84: Management by objectives (MBO)and goal cascading will
Q87: Which of the following is a tactical
Q90: _ is the overall goal of MBO.
A)
Q93: Which of the following is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents