The Shift in Strategy from a Plan to a Direction

question 9

Multiple Choice

The shift in strategy from a plan to a direction leads to:

• A)A downgrade in the importance of strategic management
• B)An increased integration of flexibility and responsiveness
• C)A need for top managers' training about IT techniques
• D)None of the above

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Definitions:

Personal Capital

Financial assets or investments owned by an individual, contributing to their net worth.

Compensating Differentials

Wage differences across jobs that reflect the desirability of the job attributes, compensating workers for job inconveniences or hazards.

Distributional Justice

The ethical principle concerned with the fair allocation of goods, wealth, or resources among individuals in a society.

John Rawls

An American philosopher known for his theory of justice and contributions to political and moral philosophy.