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

question 82

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) strategic analysis.
• E) strategy evaluation.

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Definitions:

Training Costs

The expenses associated with the process of educating or teaching employees new skills, knowledge, or behaviors related to their jobs.

Work Efficiency

The effectiveness with which tasks and goals are accomplished within the workplace, often measured by the ratio of output generated to the input required.

Integrator Roles

Refers to positions or responsibilities within an organization aimed at synthesizing various inputs, perspectives, and resources to achieve unified outcomes or solutions.

Formalization

The extent to which policies, procedures, job descriptions, and rules are written and explicitly articulated within an organization.