The strategic management process is the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness. With the regard to the process, we learned some important definitions. Which of the following definition is NOT correct?

a.

A strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage.

b.

a firm's core rigidity is an organizational inertia to continuously rely on core competencies that become obsolete since competitors have figured out a better way to serve the firm's customers.

c.

a firm's core competencies are resources and capabilities that are being developed through R&D but not fully embedded in daily business activities.

d.

strategic competitiveness refer to the condition where the firm can formulate and implement a value-creating strategy and thus achieve a competitive advantage.