McClelland Has Found That the Best Managers Are Those Who

question 53

Multiple Choice

McClelland has found that the best managers are those who have:

• A)a high need for affiliation
• B)a high need for social power and a high need for affiliation
• C)a low need for social power and a high need for affiliation
• D)a high need for social power and a low need for affiliation

Identify and analyze different types of strategies (corporate, business, and competitive) and understand their applications.

Differentiate between internal and external environmental factors influencing an organization and their relevance to strategic planning.

Recognize the importance of aligning HRM practices and organizational goals to implement strategic changes successfully.

Explain the concept of competitive advantage and the strategies organizations adopt to achieve it.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers.

Economic Profits

The surplus remaining after deducting both the explicit and implicit costs from a firm's total revenues.

Monopolistically Competitive Firm

A company that operates in a market with many competitors, each offering a differentiated product, allowing for some degree of price control.