The Primary Determinant of Realized Strategy Is What Mintzberg Terms

question 98

Short Answer

The primary determinant of realized strategy is what Mintzberg terms _________________.

Assess the impact of new investments on overall company performance.

Understand the factors influencing divisional performance evaluation.

Analyze the relationship between operational performance metrics and financial outcomes.

Understand the traditional and consultative functions of the MIS department.

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Definitions:

Marginal Revenue Product

is the additional revenue generated by employing one more unit of input, such as labor or capital, in the production process.

Variable Factor

An input in production that can be varied in the short term, such as labor or raw materials, in contrast to fixed factors like machinery or land.

Factor Of Production

An input used in the production of goods or services in order to make an economic profit. The primary factors include land, labor, capital, and entrepreneurship.

Marginal Revenue Product

The increased earnings resulting from the utilization of one more unit of an input or resource in production.