Question

Organizations must constantly analyze their external environments and their competition for __________ that may reduce or eliminate a competitive advantage.

Answer 1

Answer: Innovations

Explanation:

Innovation is of fundamental importance for enhancing organizational performance and the survival of an organization. Organizations must constantly analyze their external environments and their competition for innovation that may reduce or eliminate a competitive advantage. Innovation enables organizations to remain relevant in the competitive market, it also plays an important role in economic growth. The ability to resolve critical problems within an organization, depends on new innovations.