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According to Michael Porter, Which of the Following Strategies Can

question 103

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According to Michael Porter, which of the following strategies can be followed by an organization to successfully compete in the marketplace?


Definitions:

Ethics

A set of standards of conduct and moral judgments that help determine right and wrong behaviour.

Progressive Discipline

A step-by-step process designed to give an employee with performance issues the opportunity to improve.

Performance

The manner in which an individual, team, or organization accomplishes tasks, goals, and objectives, often measured against pre-set standards.

Organization

A structured group of people working together towards a common goal, often characterized by a hierarchy of authority and division of labor.

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