Explain the Difference Between Internal and External Growth Strategies

question 36

Essay

Explain the difference between internal and external growth strategies. Provide examples of each.

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Definitions:

High Expectations

Describes a state where there is an anticipation of excellence or high performance from oneself or others.

Halo Effect

A cognitive bias where an observer's overall impression of a person, company, or brand influences the observer's feelings and thoughts about that entity's character or properties.

Creative Problem Solving

A method that involves using imagination and innovation to find solutions to problems when traditional approaches don't work.

Performance Appraisal

A systematic evaluation of an employee's performance and productivity, typically conducted by their supervisor or manager.