Question ??? on Risk

Question:
You are the project manager at an auto manufacturer. Due to the recent rise in the cost of petroleum, the market
demand for hybrid cars with high fuel efficiency has increased. Your company has identified a multi-billion dollar
market opportunity for highly fuel-efficient hybrid vehicles.
 
However, your organization does not have enough resources and expertise to exploit this market opportunity.
Hence, your organization has decided to identify and hire a team of engine design specialists and scientists. Your
organization is working with a recruiting firm to identify the qualified candidates. Which of the following best
describes the type of strategy you are using to deal with this market opportunity?
(A) exploit
(B) share
(C) acceptance
(D) enhance


Please answer with explaination.

admin's picture

Organization wants to ensure that they are able to exploit this market opportunity , hence A seems to be the right answer.

If they had already started building the hybrid car then it would have been enhance, since they are increasing the probabliy and /or impact.

prashant.spce's picture

I too think its "Exploit".. since the company is recruiting the resources who will work for it.


Answer would had been "Share" if they would had done some agreement or kind of relationship with other company who will peform work for it,hence both would had been benefited by sharing.


Prashant

It would be B SHARE,


However your firm does not have a sufficient resourcees and expertise,


 and you are hiring a team, as per PMBOK  sharing action includes teams.


whereas Exploit - inclusdes by using your current talented resources

I feel it is "Share".


 


KK...

Correct answer is : Exploit


but I thought Enhance.


Can some one please explain why it is Exploit and can not be Enhance?