Each Year, Honeywell Asks Every Department Manager to Rate His

question 48

Multiple Choice

Each year, Honeywell asks every department manager to rate his or her department's strengths and weaknesses as well as those of the other departments with which the department interacts. Then each department manager is asked what he or she sees as the greatest threats and opportunities for the company. Honeywell is asking its department managers to engage in a ________.

• A) SWOT analysis
• B) portfolio analysis
• C) market analysis
• D) functional planning session
• E) compatibility assessment

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Definitions:

Traditional Way

The traditional way refers to customary methods or practices that have been established over time, often contrasted with modern, innovative approaches.

Incremental Change

The process of change that bends and adjusts existing ways to improve performance.

Existing Ways

Current methods, practices, or habits that are utilized in any given process or operation.

Performance Improvement

A strategic approach aiming to increase the effectiveness and efficiency of an organization or individual's work.