In Assessing and Choosing a Firm's Strategy, a Manager Will

question 66

Multiple Choice

In assessing and choosing a firm's strategy, a manager will usually find that benchmarking is:

• A)​Likely to be the most successful strategy.
• B)​Can be a valuable part of evaluating a firm's capabilities.
• C) ​Unimportant to any well-thought-out strategy.
• D) ​The surest way to dilute strengths and magnify weaknesses.

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Definitions:

Groupitis

A derogatory term referring to the overemphasis on team or group work, sometimes at the expense of individual contributions or efficiency.

Customer Structure

An organization structure that groups together people and jobs that serve the same customers or clients.

Consumer Products Industry

The sector of the economy that manufactures and sells goods used by the general public, ranging from food and beverages to electronics and household items.

Geographical Structures

Organizational structures that group activities based on geographical regions or territories.