Firms that invest resources to acquire entirely new knowledge,skills,and processes,that have the potential to influence the firm's direction practice

Question

Quizplus · Accepted Answer

The term that best describes firms investing resources to acquire entirely new knowledge, skills, and processes is learning orientation. It refers to the development of a culture within an organization that values continuous learning and improvement. This approach prioritizes experimentation and exploration over exploiting existing resources and capabilities, leading to long-term success and sustained competitive advantage. The other options are not as relevant or appropriate in this context.

Firms That Invest Resources to Acquire Entirely New Knowledge,skills,and Processes,that