What Is Porter's Five Forces Model

question 167

Multiple Choice

What is Porter's Five Forces Model?

• A)Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
• B)Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
• C)Views a firm as a series of business processes, each of which adds value to the product or service.
• D)Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.

Recognize how succession management is inherently linked to organizational strategy, unlike replacement planning which is job-focused.

Understand HR planning's role in identifying immediate and future needs for critical positions to ensure business continuity.

Grasp the importance of current performance as a predictor of future performance in HR practices.

Comprehend the broader focus and objectives of succession management compared to replacement planning.

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