Firms Needing to Change Their Strategies Should

question 85

Multiple Choice

Firms needing to change their strategies should:

• A) create more heterogeneous top management teams.
• B) focus on their core customer base.
• C) implement transformational leadership.
• D) emphasize the training and development of internal managerial talent.

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Definitions:

Compensation and Benefits Costs

The total expenses associated with the pay and advantages, like health insurance and retirement plans, provided to employees.

Part-time Workers

Employees who work fewer hours than the full-time schedule, often with reduced benefits and responsibilities.

Work-Life Balance

The equilibrium between personal life and professional work, where an individual manages to fulfill responsibilities in both areas without significant stress or conflict.

Extended Childcare

Childcare services that go beyond standard hours or provisions, accommodating the varying needs of working parents.