If an organization possesses strengths in a resource or capability that bears little relationship to the industry's key success factors it should:
A)Regard that resource or capability as strategically irrelevant
B)Seek to sell that resource r capability to another organization
C)Seek an innovative approach to making that resource or capability strategically relevant
D)Adopt a niche strategy.

Question

Quizplus · Accepted Answer

If an organization possesses strengths in a resource or capability that bears little relationship to the industry's key success factors, it should seek an innovative approach to making that resource or capability strategically relevant. This is because it can provide a unique advantage that competitors may not possess, leading to a competitive advantage. The organization can explore ways to integrate this resource or capability into its existing products or services or develop new products or services that capitalize on this strength. Hence, option C is the best choice. Option A is incorrect because it disregards the potential of the resource or capability. Option B may not be feasible or desirable for the organization. Option D may not be the best choice because the capability may not be related to any particular niche.

If an Organization Possesses Strengths in a Resource or Capability