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Firms That Choose to Diversify Through Internal Development Must Develop

question 95

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Firms that choose to diversify through internal development must develop ________ that allow them to move ________ from initial opportunity recognition to market introduction.

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Definitions:

Effective Compensation

A pay and benefits package designed to attract, retain, and motivate employees.

Senior Management

The group of top-level executives who are responsible for managing an organization and making crucial decisions.

Strategic Changes

Alterations in an organization's long-term goals, strategies, or policies intended to improve its competitive position or adapt to changes in its environment.

Compensation Strategy

An organization’s overall policy designed to establish fair, competitive, and motivating compensation systems for its employees.

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