Because Firms Need to Respond Quickly to Environmental Opportunities and Threats

question 4

True/False

Because firms need to respond quickly to environmental opportunities and threats, the implementation of the differentiation strategy is positively affected when a firm is centralised and formalised.

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Definitions:

Job Satisfaction

The level of contentment employees feel about their work, which can influence their motivation, performance, and retention.

Contingent Time Off

Time off from work that is not planned in advance and depends on certain conditions being met.

Quota

A limited or fixed number or amount of something, especially one officially allocated.

Specified Time Range

A defined period during which certain actions are taken or certain conditions apply, often set for achieving goals or completing projects.