Which of the following statements about a company's resources and capabilities is false?

Diligent managerial attention to sharpening and recalibrating company competencies and capabilities protects a company's long$-$term competitiveness against the improving capabilities of rivals and their strategic maneuvering to win bigger sales and market shares.

Companies in the top tier of their industry typically have at least two and sometimes as many as four distinctive competencies, plus a management team that has proven dynamic capability to periodically freshen and renew the company's resource portfolio.

For a company's important resources and capabilities to remain competitively valuable over time, they must be continually polished, updated, and sometimes augmented with altogether new kinds of resources and expertise.

A company requires a dynamically evolving portfolio of competitively valuable resources and capabilities to sustain its competitiveness and help drive improvements in its performance$--$otherwise, the power of its competitive assets grow stale

When a company's executive management team achieves proficient dynamic capability to modify, deepen, and augment the company's resources and competitive capabilities, the company's competitiveness in the marketplace is significantly enhanced.