In the General Electric-McKinsey Model, Management Examines Services in Terms

question 68

Multiple Choice

In the General Electric-McKinsey model, management examines services in terms of two dimensions:

• A) industry strength and business growth
• B) business attractiveness and industry growth
• C) industry attractiveness and business strength
• D) industry growth and business competitiveness

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Definitions:

Norms Governing

Refers to the rules or standards that regulate behavior within a group or society.

Structured

Organized in a clear, systematic way, often with a defined pattern or framework.

Least Structured

Situations, tasks, or environments that lack clear rules, roles, or procedures, requiring individuals to rely on improvisation or innate problem-solving skills.

Acquisitive

Characterized by a strong desire to acquire and possess.