Managers Must Anticipate How the Strength of Industry Competitive Forces

question 18

True/False

Managers must anticipate how the strength of industry competitive forces will change as the industry evolves and then formulate appropriate strategies to take advantage of opportunities.

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Definitions:

Worldviews

The fundamental cognitive orientation of an individual or society encompassing natural philosophy, fundamental existential and normative postulates, or themes, values, emotions, and ethics.

Local Agencies

Local agencies are organizations that operate within a specific geographical area, providing services or support to the local community in various sectors.

Multicultural Ethical Awareness

The understanding and sensitivity to ethical issues and values across a variety of cultures, crucial in global business and interpersonal relations.

Cultural Differences

The varying beliefs, behaviors, languages, practices, and expressions considered unique to members of a specific ethnicity, region, or national background.