In Strategic Management,the Expression "Blue Oceans" Refers To

question 31

Multiple Choice

In strategic management,the expression "blue oceans" refers to:

• A)Radical innovation
• B)The potential offered by uncontested market space
• C)The campaign to reduce pollution in the world's oceans
• D)Cost reduction through offshoring production

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Definitions:

Step-by-Step Socialization

A gradual process of integrating individuals into a new social setting or culture, typically involving sequential stages or phases.

Company's Culture

The shared values, beliefs, behaviors, and practices that characterize an organization and influence its members' actions and interactions.

Founder

An individual who establishes an organization, company, or movement.

Organizational Cultures

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution, influencing how employees interact and work.