The Best Approach for a Company to Take When Monitoring

question 127

Multiple Choice

The best approach for a company to take when monitoring its competitors is

• A)watching for increases and decreases in competitors' prices and match them.
• B)analyzing all information that is readily available about competitors.
• C)sending employees to competitors' offices and factories to observe their actions.
• D)developing a system for gathering ongoing information about competitors.
• E)reading important business publications such as The Wall Street Journal.

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Definitions:

Planned Organisational Change

A deliberate effort to modify an organization's structure, processes, or culture to achieve specific goals.

Organisation Development Interventions

Planned actions or programs aimed at improving an organization's effectiveness through changes in processes, people, or structures.

Organisational Effectiveness

The degree to which an organization achieves its goals through efficient resource utilization while satisfying stakeholders' needs.

Organisation Development Interventions

Initiatives aimed at improving an organization's effectiveness through planned change processes.