The Set of Shared Values of the Firm

question 66

Multiple Choice

The set of shared values of the firm:

• A)Represent the basic reason for the firm's continued existence as a viable organisation.
• B)Can be manipulated and transformed easily
• C)Are part of a qualitative world that is not relevant to strategic management
• D)Are so difficult to assess and understand that it should not be the main focus of strategy analysts and decision-makers

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Definitions:

Human Resource Planning

The process used by organizations to ensure that they have the right number and kind of capable employees to meet their current and future business needs.

Labour-management Relations

Refers to the formal and informal relationships between employees and employers, encompassing negotiation, communication, and collaboration to resolve workplace issues.

Career Development

The ongoing process of managing life, learning, and work over the lifespan to achieve personal career goals.

Performance Management

A continuous process by which an organization's goals are set, progress is assessed, feedback is given, and improvements are made to enhance performance.