What is the purpose of the core competence–market matrix?Multiple choice question.to assess how to respond to PESTEL forcesto help firms moderate levels of vertical and horizontal integrationto alert executives of potential market instabilityto provide guidance regarding how to diversify in order to grow the company

In the Blank______ quadrant of the core competence--market matrix, the focus is on leveraging current core competencies to improve current market position.Multiple choice question.existing competence--new marketexisting competence--existing marketnew competence--existing marketnew competence--new market

According to Prahalad and Hamel, a company's core competences are those capabilities that are fundamental to its strategy ad to its performance.Group of answer choicesTrueFalse

What is a core competency?Answer areaA company's primary productAn activity a company perform better than is competitorsMission statement of a competitorA company's market share

Which of the following is an option for formulating strategy via core competencies?Multiple choice question.pursue a strategic alliance to become less vertically integratedcombine core competencies with rivals in new marketsleverage existing core competencies to improve current market positionbuild new core competencies to entice shareholders to invest in the company

A company's strengths are important because theyMultiple Choicepave the way for establishing a low-cost advantage over rivals.provide extra muscle in helping lengthen the company's value chain.provide extra organizational muscle in turning a core competence into a key success factor.represent the quality of its competitive assets that enhance its competitiveness in the marketplace.give it competitive protection against the industry's driving forces.