Business Strategy Is Concerned with

question 92

Multiple Choice

Business strategy is concerned with

• A)choosing market and customer segments.
• B)identifying critical internal and business processes.
• C)selecting individual and organizational properties required.
• D)all of the above.

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Definitions:

Open Systems

Organizations or entities that interact with their environment, exchanging resources, information, and influences.

Virtual Teams

Groups of individuals working together across time, space, and organizational boundaries, primarily through electronic communication.

Telecommuting

A work arrangement where employees do not commute to a central place of work, instead working via electronic communications from a remote location, often their home.

Open Systems

A perspective in organizational theory that views organizations as entities that interact with their environments to acquire resources and adapt to changes.