Failure to Achieve Competitive Advantage Is an Indication Of

question 103

Multiple Choice

Failure to achieve competitive advantage is an indication of:

• A) Using the incorrect measurement tools.
• B) A poor economy.
• C) A failure in strategy.
• D) Being in the wrong strategic group.

Assess the challenges faced by managers in the 21st-century workplace.

Explain the concepts of productivity, performance effectiveness, and performance efficiency and their interrelationships.

Outline current organizational trends and the nature of changes occurring.

Understand the characteristics and types of investments, including stocks, bonds, mutual funds, and other financial instruments.

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Definitions:

Group Polarization

The tendency of group members to make decisions that are more extreme than the initial inclinations of its members.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically improving on simple tasks.

Foot-In-The-Door

A persuasion technique where a small request is made first in order to gain compliance for a larger request later.

Door-In-The-Face

A technique in persuasion that involves making a large request that is likely to be refused in order to increase the chances that a person will agree to a smaller request later.