In the Context of Strategic Planning for Competitive Advantage, Becoming

question 58

Multiple Choice

In the context of strategic planning for competitive advantage, becoming more efficient with production and manufacturing processes is characteristic of _____.

• A) differentiation
• B) niche strategy
• C) mass supply
• D) cost leadership

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Definitions:

Individualistic Cultures

Societies that emphasize personal achievements, independence, and a self-oriented focus, as opposed to collective goals and interdependence.

Collectivistic Cultures

Societies that emphasize the needs and goals of the group over the desires or concerns of the individual.

EVLN Model

Stands for Exit, Voice, Loyalty, and Neglect, which are four strategies employees may use in response to job dissatisfaction.

Active/Passive

Describes an individual's general approach towards life; active individuals tend to initiate actions and influence their environment, while passive individuals tend to be more reactive and less inclined to seek change.