A characteristic that describes the most competitive companies is adopting the adage, "Whether...

Question:

A characteristic that describes the most competitive companies is adopting the adage, "Whether it's broke or not, fix it"; in other words, continually strive to improve everything about the firm. Indicate whether the statement is true or false

Improvement:

Improvement is used to reduce the gap and focus on development. It is used to make any process from better to the best. Every firm strives for constant development to boost its business efficiency.

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The correct answer is true.

The majority of competitive businesses strive for ongoing improvement. They believe in improving strategies even though...

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Adapting Corporate Strategies for Competitive Advantage

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Chapter 2 / Lesson 2
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Competitive advantages that result from effective business strategies can inform corporate strategies to adapt and maintain them. See how strategies create/enhance value, and examples of several ways to achieve a competitive advantage.


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