The Development of Long-Range Plans for the Effective Management of Environmental

question 68

Multiple Choice

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

• A) strategy formulation.
• B) strategy implementation.
• C) strategy control.
• D) strategy development.
• E) strategy evaluation.

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Definitions:

Outsourced

The practice of contracting out certain business processes or tasks to external providers rather than handling them internally.

Dignity

The state or quality of being worthy of honor or respect.

Productivity

The measure of efficiency in which resources, such as labor and capital, are converted into goods, services, or outcomes.

Performance Appraisal

A regular review of an employee's job performance and overall contribution to an organization, including assessments of goals achieved and skills developed.