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Discuss the Different Types of Competitive Pressures That Firms Competing

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Essay

Discuss the different types of competitive pressures that firms competing in a global marketplace face. How can firms respond to such pressures?


Definitions:

Treadmill

An exercise machine that allows one to walk or run while staying in the same place, often used for fitness training or testing.

Transactional Leader

A leadership style that focuses on the exchanges that occur between leaders and their followers, motivating through rewards and punishments based on performance.

Goal-Oriented Manager

A manager who focuses on setting, pursuing, and achieving specific objectives, often with a results-driven approach.

Productivity Goals

Targets set to measure and increase the efficiency and effectiveness of work output within a given timeframe.

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