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:

Maslow's Hierarchy of Needs

A psychological theory that categorizes human needs into five levels, from basic physiological needs to self-actualization.

Motivated

Motivated describes the psychological force that drives an individual to take action towards a desired goal, influenced by factors such as personal interest, reward, or obligation.

Self-Actualization

The realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Physiological Needs

are the basic physical requirements for human survival, such as air, water, food, shelter, and sleep, forming the base of Maslow's hierarchy of needs.