It Is Possible for a Company to Alter the Strength

question 58

Multiple Choice

It is possible for a company to alter the strength of one or more of the five competitive forces in the industry

• A) by deferring action indefinitely.
• B) by adopting a strong and compelling vision.
• C) through proper CEO succession planning.
• D) through its choice of strategy.
• E) None of these

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Definitions:

Diversity

Diversity encompasses the range of human differences, including but not limited to race, ethnicity, gender, age, social class, physical ability, religious beliefs, political beliefs, and other ideologies.

Primary Categories

Fundamental classifications or groups into which various elements are organized based on shared characteristics or attributes.

Secondary Categories

Involves classifying items or information beyond primary distinctions, helping in detailed analysis and understanding of complex aspects.

Change Competency

Change competency refers to the ability of individuals or organizations to adapt effectively to new conditions or environments.