_____ Is the Process of Recalibrating or Confirming a Firm's

question 16

Multiple Choice

_____ is the process of recalibrating or confirming a firm's strategy in light of changes in the external environment.

• A) Strategic positioning
• B) Value chain analysis
• C) Strategic control
• D) Benchmarking

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Definitions:

Situation

A situation is a set of circumstances or a scenario in which an individual finds themselves, influencing their actions or decisions.

Self-direction

The ability of an individual to set their own goals and to take initiative in planning and executing tasks without external influence.

Strong Need

A compelling or critical requirement for something essential or very important.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.