When the External Environment Is Unstable and in a State

question 33

Multiple Choice

When the external environment is unstable and in a state of flux:

• A)The firm itself, composed of resources and capabilities, may be a more stable basis for defining its identity and mission
• B)A market-focused strategy may provide enough stability and consistency of direction for the firm to establish its strategy
• C)The analysis of customers' needs takes too long.
• D)Efforts must be devoted to stabilize this external environment or to understand it enough to predict its future states

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Definitions:

Experimental Design

The methodical planning of research to test hypotheses, involving manipulation of variables to observe effects on a subject group.

Obedience Experiments

Psychological experiments, most notably by Stanley Milgram, that explore the extent to which individuals comply with orders from an authority figure, even when those orders conflict with personal conscience.

Electric Shock

Electric shock is the physiological reaction or injury caused by electric current passing through the human body.

Prestigious University

An institution of higher education that is often recognized for its high academic standards, distinguished faculty, and successful alumni.