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The Set of Decisions and Actions Used to Formulate and Execute

question 47

Multiple Choice

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:


Definitions:

Social Entrepreneur

An individual who pursues innovative solutions to social problems, combining business principles and strategies with a mission to improve society.

Societal Capitalism

A form of capitalism that emphasizes the importance of societal needs and considerations alongside profit and economic growth.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, often focusing on environmental, economic, and social sustainability.

Revocation

The act of officially withdrawing, cancelling, or annulling something, such as a legal document, license, or agreement.

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