Which of the Following Does Porter's Five Forces Model NOT

question 32

Multiple Choice

Which of the following does Porter's Five Forces Model NOT include?

• A)suppliers
• B)buyers
• C)government regulation
• D)industry rivalry

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Definitions:

Scientific Management

A management theory developed by Frederick W. Taylor in the late 19th and early 20th centuries that emphasizes optimizing and simplifying jobs for greater productivity by utilizing scientific methods to design tasks and workflow.

High Performance Work Systems

Organizational approaches designed to enhance employee effectiveness and productivity through improved work practices and technologies.

Employee Involvement

Programs and practices that encourage employees to contribute ideas and participate in decisions that affect their work and the organization.

Reengineering

The radical redesign of business processes to achieve dramatic improvements in productivity, cycle times, and quality.