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Pat and Terry are top-level managers at Descitt Corp. When LVG Enterprises made an offer to purchase Descitt, Pat and Terry felt that their jobs were in jeopardy. Now that the Descitt board has rejected the offer, Pat and Terry view this as an expression of faith in their leadership and can be confident that their positions at the firm are secure

Which of the following is MOST important for developing and using core competencies? What aspect of exploiting and maintaining core competencies relates directly to the effective use of human capital?

The separation of ownership and control is the most effective means used by firms to prevent managerial opportunism

Induced strategic behavior is a process that fosters product innovations that:

Rosalie has become totally preoccupied with her idea for creating a business leasing horses to riders on the same principle as time-shares on condominiums. Rosalie is researching the legal, financial, and insurance aspects of her idea and is preparing a prospectus to take to banks to ask for a business loan. Rosalie’s significant other is complaining that she “sleeps, eats, and drinks” this concept. Rosalie has the entrepreneurial characteristic of passion

Toyota and its suppliers have a relationship in which Toyota encourages suppliers to modernize their facilities and provides them with technical and financial assistance to do so. It also promotes longer-term contracts with suppliers and enables engineers in the supplier companies to have better communication with Toyota. This is an example of a(n):

After years of negotiating short-term contracts with its suppliers, Icon Images has decided to agree to longer-term contracts. In doing this, Icon Images is hoping to:

CEO duality exists when a single individual is both the CEO and the chair of the board

Which of the following reasons would NOT explain the difficulty of determining appropriate executive compensation?

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are ways that firms implement internal innovations