Firms Needing to Change Their Strategies Should

question 85

Multiple Choice

Firms needing to change their strategies should:

• A) create more heterogeneous top management teams.
• B) focus on their core customer base.
• C) implement transformational leadership.
• D) emphasize the training and development of internal managerial talent.

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Definitions:

Systems Approach

A holistic perspective that analyzes the interconnections within systems to understand complex phenomena rather than considering individual components in isolation.

Feedback

Information given to someone about their performance or behavior, intended to guide future actions or decisions.

Group-Level Goals

Objectives or outcomes that are set and pursued by a group collectively, rather than by individual members.

Collaboratively

Working together in a joint intellectual effort to achieve a common goal or produce something.