In the Context of the Boston Consulting Group (BCG)analysis, a Firm

question 68

Multiple Choice

In the context of the Boston Consulting Group (BCG) analysis, a firm whose offering is a star in an industry should:

• A)consider resource investments to fuel rapid growth.
• B)disinvest partly from the business.
• C)stop doing business in the industry.
• D)refrain from allocating excess funds to existing services.
• E)transfer its resources to other strategic business units.

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Definitions:

Pay Raise

An increase in the amount of salary or wages given to an employee, typically as a recognition of performance or to adjust for inflation and living costs.

Contingent Reward

A leadership strategy where rewards or punishments are given based on the performance of the followers.

Management By Exception

A management strategy where leaders intervene only when necessary, mainly when there are deviations from expected outcomes; it emphasizes autonomy in the regular tasks.

Positive Reinforcement

A technique in behavior analysis that involves the addition of a stimulus following a desired behavior, increasing the likelihood of that behavior occurring again.