Modern Strategy Has Evolved Through Different Perspectives

question 10

Multiple Choice

Modern strategy has evolved through different perspectives:

• A)Because the tenures of Professors at top business schools have shortened
• B)Because each year new theories emerge in the business world
• C)Because the business environment has changed, and how businesses regard themselves has changed
• D)But has now come back to strategic fundamentals

Identify the role of expectancy and reinforcement in employee motivation.

Appreciate the impact of manager's expectations (Pygmalion effect) on employee performance.

Understand the importance of linking rewards to employee performance for effective motivation.

Explain the differences between intrinsic and extrinsic rewards and their role in motivation.

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Definitions:

Penetration Pricing Strategy

A pricing tactic in which a product is offered at a low price during its initial offering to attract customers and gain market share.

Market Penetration

The strategy of selling more of a product or service to the existing customers or within the current market space to increase its market share.

Ergonomically Designed

Products or environments designed with consideration of the human body and its movements to maximize comfort and efficiency.

Attractive Strategy

An approach or plan crafted to appeal to customers, stakeholders, or partners, aimed at achieving business goals or competitive advantage.