A Successful Strategy Details a Set of Goal-Directed Actions That

question 99

Multiple Choice

A successful strategy details a set of goal-directed actions that managers intend to take to improve or maintain overall firm performance.To build this strategy,managers focus on three broad management tasks.Which of the following is NOT one of these management tasks?

• A) Analyze
• B) Formulate
• C) Implement
• D) Forecast technology

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Definitions:

State of Equilibrium

A condition of balance or stability within a system, where competing forces or influences are equal.

Driving Forces

Factors or elements that influence or propel individuals, groups, or organizations towards achieving a goal or initiating change.

Following Forces

Relates to the factors or influences that drive or shape the direction of trends, movements, or behaviors in a society or field.

Mechanistic Organization

A form of organization characterized by rigid hierarchies, high levels of formalization, and centralized decision-making, often seen in traditional, large-scale businesses.