A Heuristic Is

question 24

Multiple Choice

A heuristic is:

• A)a mental shortcut that helps us make decisions.
• B)a positive-framing method.
• C)a method to increase the price of your vices.
• D)None of these statements is true.

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Definitions:

Competitive Scanning

The process of monitoring and analyzing the competitive environment to identify opportunities and threats.

Internal Competency Analysis

An evaluation process within an organization to identify and assess the strengths and weaknesses of its workforce’s skills and capabilities.

Dynamic Capabilities

The organization's ability to systematically renew competences, adapt to changing environments, and innovate processes and products.

Value Statement

A declaration that outlines an organization's core beliefs and principles, intended to guide its behaviors and decision-making processes.