The Connection Between a Firm's Internal Strengths and Its External

question 28

Multiple Choice

The connection between a firm's internal strengths and its external opportunities is driven by

• A)the firm's vision.
• B)a desire to protect against external threats,real and potential.
• C)the strategic axiom that success depends on competing from a position of strength.
• D)the changes that result when a firm creates a new set of aspirations and forms them into a vision.

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Definitions:

Span Of Control

The number of direct reports a manager or leader has, impacting the complexity of supervision and communication.

Tall Versus Flat

A description comparing organizational structures where "tall" refers to many hierarchical levels and "flat" signifies fewer levels and potentially more decentralized decision-making.

Management Hierarchy

The arrangement of authoritative levels within an organization, often depicted as a pyramid, where each level has different levels of responsibility and authority.

Divide Labour

The allocation of different parts of a manufacturing process or task to different individuals in order to improve efficiency and productivity.