Each Year,Honeywell Asks Every Department Manager to Rate His or Her

question 5

Multiple Choice

Each year,Honeywell asks every department manager to rate his or her department's strengths and weaknesses as well as those of the other departments with which the department interacts. Then each department manager is asked what he or she sees as the greatest threats and opportunities for the company. Honeywell is asking its department managers to engage in a(n) .

• A)functional planning session
• B)market analysis
• C)SWOT analysis
• D)compatibility assessment

Recognize the impact of diversity and corporate social responsibility on organizational practices.

Understand the basic principles of the market system and its advantages such as efficiency and economic freedom.

Identify the roles of households and businesses within the circular flow model.

Recognize the inherent problems and inefficiencies of centrally planned economies, including the incentive and coordination problems.

---

Definitions:

Power Dynamic

The distribution and exercise of power within a relationship, group, or society, affecting how decisions are made and how individuals interact.

Emerging Society

A society that is in the process of significant growth or change, often involving economic development, social reform, or technological advancement.

Societal Condition

The state or situation of society at a given time, including its cultural, economic, and social aspects and challenges.

Poverty

The state of being extremely poor, where individuals or families lack the financial resources for basic living needs.