Two Key Functions for Top Executives in Business Organizations Are

question 31

True/False

Two key functions for top executives in business organizations are to monitor the external environment and formulate a competitive strategy.

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Definitions:

Iterative Agency

The concept that agents (individuals or groups) make decisions and take actions repeatedly, with each iteration having the potential to change the context or conditions under which future decisions and actions are made.

Field Agency

The capacity or power of individuals or groups to act independently and make their own free choices within a social field.

Administrative Rule

Principles or regulations established in organizations, businesses, or governments for the purpose of directing and managing operations.

Biological Difference

Variations in physical and physiological characteristics between individuals or populations, often discussed in the context of gender, race, or species.