The Shift from Corporate Planning to Strategy Making Implies

question 43

Multiple Choice

The shift from Corporate Planning to Strategy Making implies

• A)from the sources of profit outside the firm to the sources of profit within the firm.
• B)to the resource-based view of the firm.
• C)both a and b.
• D)from the structure-based approach to the value-added perspective.

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Definitions:

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as efficiently as possible.

Tangible

Physical or material assets that can be seen, touched, or measured, in contrast to intangible assets like intellectual property or brands.

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

Unethical Conduct

Conduct by individuals or organizations that violates moral or professional norms, often resulting in negative consequences.