Define Top Management Teams and Explain the Effect of Top

question 45

Essay

Define top management teams and explain the effect of top management team characteristics on the effectiveness of a firm's strategy.

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Definitions:

Episodic Memory

A form of persistent memory that deals with the recall of particular incidents, conditions, and perceptions, inclusive of the circumstances and feelings tied to them.

Nondeclarative

A type of memory expressed through performance rather than conscious recall, also known as implicit memory.

Elaborative Rehearsal

A technique in memory that involves thinking about the meaning of the term to be remembered, as opposed to repetitive rote memorization.

Learning List

A method or a tool used for memorization that involves enumerating or cataloguing information in a structured format.