Explain How the Concept of Strategic Group (And Its Two

question 9

Essay

Explain how the concept of strategic group (and its two sub-types) is used in a situational analysis as part of an environmental scanning activity to identify specific opportunities and threats that can either improve or harm the company's ability to sustain its competitive advantage.

Grasp the benefits and dynamics of mentoring in professional development.

Understand the prevalence and objectives of leadership skills training programs in organizations.

Recognize the implementation and efficacy of different leadership development approaches used by organizations.

Know how developmental methods can help managers with self-awareness and understanding their personal values.

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Definitions:

Operating Activities Section

A part of the cash flow statement that shows the cash inflows and outflows resulting from the company's primary business activities.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and signifies a claim on part of the corporation's assets and earnings.

Operating Activities

The day-to-day activities of a company involved in producing and selling its products or providing services, which generate most of the company's cashflows.

Indirect Method

A technique used in cash flow statements to adjust net income for non-cash transactions, depreciation, and changes in working capital.