Cognitive Limitations Mean It Is Difficult for Central Managers to Be

question 23

True/False

Cognitive limitations mean it is difficult for central managers to be fully knowledgeable about all products and markets.

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Definitions:

HRM

Human Resource Management, the strategic approach to the effective management of people in an organization, focusing on policies and systems.

Environmental Scanners

Individuals or tools that continuously monitor an organization’s external and internal environment to detect early signs of opportunities and threats that may influence strategic planning.

Critical Events

Significant occurrences that have a profound impact on an organization, requiring immediate attention and action.

Competitive Intelligence

The gathering and analysis of information about competitors' activities and strategies to inform business decision-making.