An Appealing Alternative to Using "Rules of Thumb" and "Gut

question 32

Multiple Choice

An appealing alternative to using "rules of thumb" and "gut feelings" in formulating business strategies includes:

• A) not deviating from the firm's previously established practices.
• B) being an early adopter of business strategies of industry leaders.
• C) business strategies justified from evidence-based business analytics.
• D) None of these choices are correct.

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Definitions:

Psychological States

The mental conditions that influence how individuals feel, think, and behave at any given time.

Scores

Quantitative expressions used to measure or evaluate performance, achievements, or conditions.

Job Characteristics Model

The Job Characteristics Model is a theoretical framework proposing that five core job dimensions impact employee motivation, satisfaction, and performance, including skill variety, task identity, task significance, autonomy, and feedback.

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work, giving a sense of accomplishment to the individual.