What Is the Ability to Recognise Major External Environmental Changes

question 32

Multiple Choice

What is the ability to recognise major external environmental changes, to quickly commit resources and to recognise when a strategic decision is NOT working?

• A)strategic flexibility
• B)strategic management
• C)competitive advantage
• D)an opportunity
• E)instinctive management

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Definitions:

Executive Pay

Compensation awarded to top-level management and executives, including salaries, bonuses, stock options, and other benefits.

Tax Advantages

Financial benefits derived from tax laws that lessen the tax burden on individuals or businesses in certain situations.

Retirement Plans

Financial arrangements designed to replace employment income upon retirement, which may include pensions, savings plans, and government benefits.

Bonuses

Additional financial compensation awarded to employees as an incentive for superior performance, achievement of targets, or as part of profit-sharing arrangements.