Two Fatal Flaws Can Render a Business Model Untenable from the Beginning

question 66

True/False

Two fatal flaws can render a business model untenable from the beginning: a complete misread of the customer and utterly unsound economics.

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Definitions:

Recruitment Decisions

The outcomes of evaluations and deliberations by employers regarding which candidates to hire for open positions, influenced by factors such as qualifications, fit, and organizational needs.

Compensatory Model

A selection decision model in which a high score in one area can make up for a low score in another area

Multiple Hurdle Model

A sequential strategy in which only the applicants with the highest scores at an initial test stage go on to subsequent stages.

Structured Interview

An interview in which a set of standardized questions with an established set of answers is used.