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Mavin is the regional manager of Crustie Mex, a packaged food company. He is respected by his peers and subordinates for his immense knowledge and skills. Mavin decides to quit the company for a higher position at another firm. The CEO of Crustie Mex entices him with a competitive compensation package and promotion because he knows that Mavin is an important resource. The given scenario most likely exemplifies the concept of _____.
Capacity to Innovate
The potential or ability of an organization or individual to develop new ideas, solutions, or products that can contribute to growth or improvement.
Aging Workforce
A demographic trend where the average age of the employees in an organization is increasing.
Environmental Scanning
The systematic review and analysis of external conditions to identify potential threats and opportunities for the organization.
SWOT Analysis
A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats, facilitating informed decision-making.
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