Question

According to the text, which of the following is not one of the methods companies can use to enhance their competitive position via innovativeness? Fostering creativity and experimentation Investing in new technology, R&D, and continuous improvement Copying the business practices or techniques of successful competitors Departing from existing technologies to develop products and practices that go beyond the current state of the art

Answer 1

Answer:

Copying the business practices or techniques of successful competitors

Explanation:

Copying the business practices or techniques of successful competitors is not a good method which companies can use to enhance their competitive position via innovativeness because it can be misleading as most companies that appear to be successful are actually not successful,in the future this kind of approach will cause the company to loss hugely and face difficult threats in the market.

Answer 2

Answer:

The correct option is copying the business practices or techniques of successful competitors.

Explanation:

In enhancing competitive position, the company is trying to create a competitive advantage,hence companies aiming at creating competitive advantage emphasize on developing processes,products,values that are difficult for competitors to copy.

Investment in research and development is pointer to creating uniqueness and it is way of creating competitive advantage.

Besides,departing from existing technologies in a bid to developing a more another one that is difficult to copy is also a pointer to  enhancement of competitive position,though very expensive.

It is very clear that copying another business's successful strategy does not  enhance competitive position.Hence my choice of answer.