Successfully managing _____________ can be a competitive advantage.Select one:a.cooperative strategyb.unrelated managerial strategyc.corporationd.cooperative
Question
Successfully managing _____________ can be a competitive advantage.
Select one:
- a. cooperative strategy
- b. unrelated managerial strategy
- c. corporation
- d. cooperative
Solution
The most appropriate option to fill in the blank in the statement "Successfully managing _____________ can be a competitive advantage" is:
a. cooperative strategy.
Explanation:
A cooperative strategy involves collaboration between firms to achieve mutually beneficial outcomes, which can enhance competitive advantage. By effectively managing cooperative strategies, organizations can leverage each other's strengths, share resources, enhance innovation, and gain access to new markets, ultimately creating a stronger position in the competitive landscape. This strategic approach can lead to improved performance and sustainability in a highly competitive environment.
In contrast, the other options do not align as closely with the concept of competitive advantage in a collaborative context. Therefore, option a is the best choice.
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