The Final Appraisal of the Strengths and Weaknesses of a Firm's

question 3

Multiple Choice

The final appraisal of the strengths and weaknesses of a firm's resources & capabilities

• A)is a quantitative appraisal by an objective outside body.
• B)requires insight and understanding of a firm's industry, and its position within the industry.
• C)requires artistic flair and creative questioning.
• D)requires detailed knowledge of business strategy theory, and all its intellectual roots.

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Definitions:

HR Triad

A rephrased definition: Represents the essential elements of human resources management including strategy execution, workforce advocacy, and organizational change facilitation.

Open Markets

Economic systems or environments characterized by free trade, with minimal governmental restrictions on business operations and transactions.

Globalization

Refers to the process of deeper integration and interaction among people, companies, and governments worldwide, primarily due to advances in communication and trade.

Domestic Business Markets

Markets within a country's borders where goods and services are bought and sold.