The Company's Plan for How It Will Balance Its Internal

question 42

Multiple Choice

The company's plan for how it will balance its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage is known as

• A) company objectives.
• B) environmental scanning.
• C) strategy.
• D) policies and procedures.
• E) SWOT.

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Definitions:

External Theories

Ideas or explanations originating outside an organization or individual, used to understand phenomena or guide actions in various domains.

Motivation

The process of arousing and sustaining goal-directed behavior.

Adams's Theory

Refers to the Equity Theory of motivation created by John Stacey Adams, which suggests that employees are motivated or demotivated based on their perception of fairness in the workplace.

Inequity

A state of unfairness or injustice where there is an imbalance or disproportionality in the distribution of resources or opportunities among individuals or groups.