Fred is the founder and CEO of a company. In this role, Fred has the unique ability to: foresee market trends ahead of competitors, seize these opportunities with savvy investments in people and resources, and the ability to protect these investments through patents, contracts, and marketing. Fred has created a competitive advantage by developing:

Question

Social Studies

Alvin Sparks

23 March, 12:02

Fred is the founder and CEO of a company. In this role, Fred has the unique ability to: foresee market trends ahead of competitors, seize these opportunities with savvy investments in people and resources, and the ability to protect these investments through patents, contracts, and marketing. Fred has created a competitive advantage by developing:

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Answers (1)

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Cameron Lin · Answer 1

Fred has developed "Dynamic capabilities"

Explanation:

Fred's unique abilities of identifying and seizing opportunities ahead of competitors and protecting this investments has made him develop what is referred to as "Dynamic capabilities". This is the ability to build, integrate, and re-align both internal and external competencies to address rapidly changing business environment for the betterment of the business. It is a trait expected of all CEOs.