Explain Why It Is Important for Managers to Have a Good

question 116

Short Answer

Explain why it is important for managers to have a good understanding of organizational behavior.

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Definitions:

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, in economic, social, cultural, or other contexts.

Core Areas

Essential, fundamental regions or segments within a field of study, organization, or project.

Niche Market

A focused, targetable portion (segment) of a market characterized by specific and specialized needs and preferences.

Segmented Market

A marketing strategy that involves dividing a broad target market into subsets of consumers with common needs, interests, and priorities.