Determining the Strategic Direction of a Firm Involves

question 46

Multiple Choice

Determining the strategic direction of a firm involves:

• A) implementation of a balanced scorecard.
• B) developing an entrepreneurial mind set.
• C) specifying the vision and the strategy to achieve that vision over time.
• D) exploiting and maintaining core competencies.

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Definitions:

Evaluation Interviews

Formal meetings between an employee and a supervisor or manager to discuss job performance, goals, and professional development.

Tell-and-sell

A communication approach where information is explained or justified to an audience with the intent of persuading them to accept it.

Problem-solving

A process or approach to find solutions to complex or difficult issues.

Results Evaluations

The process of measuring outcomes or outputs of work tasks or projects to assess effectiveness and efficiency.